The Bank of England held its second emergency monetary policy meeting in two weeks today (March 19), this time unveiling new quantitative easing (QE) and a further rate cut.

Speaking to journalists on a conference call, governor Andrew Bailey said market movements in recent days were “bordering on disorderly”, adding the monetary policy committee (MPC) felt it had to step in.

The central bank today unveiled £200 billion ($233 billion) of asset purchases, which will focus on government bonds