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Another £50bn of fireworks

We anticipate more monetary fireworks from the Monetary Policy Committee (MPC) at its meeting on 5th November. With the previous extension to its quantitative easing (QE) programme now complete and the economy still stuck firmly in recession, we expect it to announce another £50bn of asset purchases over the next three months. And given the Committee’s record of boldness when it comes to QE, we would not rule out an even bigger amount.

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