It seems as though people think it’s only a matter of time before the BoE vote in another round of asset purchase. February’s meeting lies just a week after the most recent round of 75bn which was voted in back in October finishes. Looking at recent UK data: unemployment was seen rising this month, weak GDP, continuing falling of house prices + sign that inflation is finally falling (yoy number was 4.2% in December down from 4.8%).
The BoE have often tended to go early with QE rather than wait. By the end of the month I’m sure that many will be calling for more QE.
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