Bank of England stepped up its QE measures

Highlights:

  • Today the Bank of England (BoE) announced to step up its QE programme, buying another £150 bn of gilts until end-2021.
  • The bank intends to implement the purchases flexibly.
  • The move followed a materially changed macroeconomic forecast to reflect the latest Covid-19 lockdowns.
  • Looking ahead, in case of prolonged lockdown measures combined with a hard Brexit we now see negative interest rates in next spring to be slightly more likely than not.

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BANK OF ENGLAND STEPPED UP ITS QE MEASURES

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