Target stays: The BoE is reflected in a puddle as a pedestrian walks past in London. The nine-member Monetary Policy Committee will maintain its target for US$209bil of bond purchases this year, a survey of economists shows. — Reuters
LONDON: The UK’s economic rebound from the pandemic is already fuelling speculation that Bank of England (BoE) policymakers this week will start discussing how and when they can ease their foot off the stimulus pedal.
The nine-member Monetary Policy Committee will maintain its target for £150bil (US$209bil or RM860.16bil) of bond purchases this year, a survey of economists shows. Some investors expect officials to slow the pace of buying so that the programme stretches to the end of the year instead of ending abruptly in November.
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