BoE Preview: Negative Rate Guidance Standout Issue At February MPR

The Bank of England’s rate setting committee is set to decide on policy this week with the prospect of a long drawn out recovery ever more probable. The bank’s Monetary Policy Committee is expected to leave its headline rate at 0.1% and quantitative easing (asset purchase programme) at GBP895bln on Thursday. Analysts say they expect a unanimous vote to keep asset purchase targets, guidance and policy rate settings unchanged. Much of the discussion among UK economists has focused on the messaging regarding the pace of the UK recovery and whether the committee is more prepared now to push for further interest rate … (full story)

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