BOE Preview – Expanding QE Size while Keeping Rate Unchanged at Record Low

<p>At the meeting this week, we expect BOE to increase the size of asset purchases (QE), by 100B pound, to 845B pound. The Bank rate will stay unchanged at 0.1%. Economic data released since the last meeting suggest that the members’ forecasts in August were too optimistic. A downgrade on GDP growth estimate and caution […]</p>
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