BoE Watch Door still open to more QE Although the Monetary Policy Committee (MPC) voted to halt its quantitative easing (QE) programme in November, it has since turned out that policy is just being loosened in another way, namely via the... 3rd December 2012 · 1 min read
BoE Watch More QE ahead, whether this month or next year It will be a close decision at this week’s Monetary Policy Committee meeting. The latest business surveys suggest that the recovery is still struggling. But other economic data have been more positive... 5th November 2012 · 1 min read
BoE Watch Dismal growth picture suggests more stimulus likely With the £50bn of extra asset purchases announced in July still underway, there is no immediate pressure on the MPC to do more this month. Nonetheless, the increasing sense of gloom about the UK’s... 3rd September 2012 · 1 min read
BoE Watch Inflation Report to leave door open to more stimulus Having extended its asset purchases at July’s meeting, the Monetary Policy Committee (MPC) is unlikely to make any changes to its quantitative easing QE) programme this week. We expect more QE and a... 30th July 2012 · 1 min read
BoE Watch QE3 to get going There have been plenty of signals over the past few weeks that more quantitative easing (QE) is on its way. Although the Committee could wait until August’s Inflation Report, there seems to be little... 2nd July 2012 · 1 min read
BoE Watch MPC to resume QE – possibly this month The minutes of May’s meeting showed that the decision to pause quantitative easing (QE) was pretty close. And the news since then has strengthened the case for doing more. Our hunch is that the... 1st June 2012 · 1 min read
BoE Watch MPC won’t pause for long The recent weakness of the activity data has made this week’s Monetary Policy Committee (MPC) decision much trickier than looked to be the case a few weeks ago. On balance, we think that the Committee... 8th May 2012 · 1 min read
BoE Watch Divisions grow on the MPC The Monetary Policy Committee (MPC) appears increasingly divided between those members who want to provide the economy with more stimulus and those who think that they have now done enough. For now... 2nd April 2012 · 1 min read
BoE Watch MPC losing appetite for more QE Having only just extended its quantitative easing programme by £50bn at last month’s meeting, the MPC is very unlikely to do anything at this week’s meeting. What’s more, comments by Committee members... 5th March 2012 · 1 min read
BoE Watch Better data have not alleviated the need for more QE November’s Inflation Report forecasts suggested that significantly more QE is needed and we don’t think that the recent improvement in the economic data has significantly altered that picture. 6th February 2012 · 1 min read
BoE Watch MPC just biding time until next month The MPC looks unlikely to do anything more while the asset purchases which began in October are still underway, especially given the recent slight improvement in the economic data. However, we doubt... 9th January 2012 · 1 min read
BoE Watch More QE to come after current purchases completed The MPC has sent some strong signals that further quantitative easing (QE) is likely before long. However, the £75bn of asset purchases voted for in October have not been completed yet. And the... 5th December 2011 · 1 min read
BoE Watch MPC to pause this month, but more QE ahead After voting to expand its quantitative easing (QE) programme last month, the Monetary Policy Committee (MPC) looks likely to pause for breath at this week’s policy meeting. Nonetheless, with the... 7th November 2011 · 1 min read
BoE Watch UK MPC Watch - QE2 on the slipway With the news on the UK and global economies continuing to deteriorate, it is now a question of when, rather than if, the Monetary Policy Committee will restart its quantitative easing (QE) programme... 4th October 2011 · 1 min read
BoE Watch Edging towards more QE Last month’s dovish Inflation Report, the about-turn of previous would-be rate hikers and the generally gloomy tone of recent news on the global and UK economies have pushed any remaining prospect of... 6th September 2011 · 1 min read
BoE Watch Risk of rate rise now pretty low The run of weaker news on the economic recovery has made a near-term interest rate rise even less likely than before. We expect this message to be re-iterated in August’s Inflation Report, published... 2nd August 2011 · 1 min read
