BOE’s QE Expansion Exceeds Expectations as Economy Heads for Double Dip

<p>While leaving the Bank rate unchanged at 0.1%, BOE raised the size of asset purchases (QE) by +135B pound to 875 pound. Both decisions were made unanimously. The expansion came in larger than we had anticipated. The staff also revised lower GDP growth outlook, now expecting the economy to return to pre-virus levels in early […]</p>
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