BoE: Further stimulus in the pipeline? – UOB
|The BoE cold announce an increment of its QE programme at Thursday’s meeting, in opinion of Lee Sue Ann, Economist at UOB Group.
Key Quotes
“We believe the BoE is ready to embark on further efforts to counter the economic slump. Whilst policymakers are reviewing the sustainability of negative rates and are careful not to rule anything out, it seems that, for now, the BoE will steer clear of going negative and stick with QE as the main stimulus tool.”
“We forecast a further extension of GBP100bn in its Asset Purchase Facility (APF) by the November meeting.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.