Bank of England set to wait for end to Brexit stand-off

The Bank of England is expected to refrain from yet more stimulus on Thursday as it waits to see if a possible no-deal Brexit in two weeks’ time deepens the problems already facing Britain’s coronavirus-damaged economy. London and Brussels are still trying to avoid the shock of import tariffs on trade from Jan. 1, so the BoE looks set to leave its bond-buying programme at 895 billion pounds ($1.2 trillion), having ramped it up by 150 billion pounds last month. That should provide enough fire-power until late 2021, and the BoE’s Monetary Policy Committee is expected to detail how front-loaded its new bond-buying … (full story)

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