We expect the Monetary Policy Committee (MPC) to vote unanimously to keep interest rates on hold at +0.10% on Thursday 6th August and to continue with, but not extend, quantitative easing (QE). But the Committee may also send a signal that more monetary policy stimulus will be needed at some point. It could also revise down its estimate of the effective lower bound from +0.10% to a little below zero, leaving the door open to negative rates.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services