Economic Insight - 4th January 2010
Start date: 04/01/2010
The Bank of England’s Monetary Policy Committee will meet this week and the usual announcement will be made on Thursday, 7 January, on their decisions. It is almost universally expected that the Bank Rate will remain at 0.5% and there will be no announcement concerning any further Quantitative Easing. The current plan is to achieve £200bn of QE by the end of January.1,2 But the MPC could well discuss the merits and demerits of a further tranche of QE with the distinct possibility that, if there is to be one, this will be announced at the February meeting.