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Bank of England boosts 2021 UK growth forecast to 7.25% in wake of successful vaccine rollout hrobertson@businessinsider.com (Harry Robertson) The Bank of England sharply increased its forecast for 2021 UK economic growth to 7.25%. It cited the successful rollout of coronavirus vaccines and falling COVID-19 cases. The BoE held interest rates at 0.1% and kept its bond-buying programme steady. Popular Searches Policymakers at the Bank kept interest rates at the record-low level of 0.1% and maintained the size of its bond-buying package, through which the BoE injects money into the economy, at £895 billion ($1.25 trillion). The BoE predicted UK gross domestic product will grow 7.25% in 2021, considerably higher than its February estimate of 5% growth. UK GDP contracted 9.8% in 2020, the worst slump out of the G7 countries.

United kingdomThomas pughReuters the bankஒன்றுபட்டது கிஂக்டம்தாமஸ் பக்ராய்ட்டர்ஸ் தி வங்கி