LONDON, April 28 (Reuters) - The Bank of England
estimated on Friday that its quantitative easing programme would
rack up a total financial loss of 100 billion pounds ($125
billion) by 2033 which will need to be funded by the government.
Under the terms of the QE programme, which first started in
2009 after the global financial crisis, Britain's government
received back the interest payments on government bonds bought
by the BoE, but agreed to compensate it for any future losses.
The BoE said cost estimates were highly sensitive to the
path of interest rates.
($1 = 0.8027 pounds)
(Reporting by David Milliken, editing by Andy Bruce)
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