Given the improving economic outlook, we doubt the Monetary Policy Committee (MPC) will respond to higher gilt yields by stepping up the pace of its QE purchases at its next meeting on Thursday 18th March. But we think that it will use the policy statement to reiterate its forward guidance that it will keep interest rates unchanged for many years.
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