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BoE loses £3.6bn in QE scheme

The Bank of England has lost £3.6bn on its purchase of government bonds as part of the quantitative easing programme.

According to the Financial Times, if the Bank sold gilts totalling £192bn today its capital losses would stand at £8bn. But offset that against the £4.4bn in interest payments the Bank has received from the securities, losses total £3.6bn.

The figure comes following research by investment bank Evolution.

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