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Bailey On The Mon Policy Decision

BOE

Gov Bailey opening comments continue, moving to the monetary policy decision:

  • The committee reiterates that it does not intend to tighten monetary policy until there is evidence of spare capacity being used up and the inflation target is sustainably met.
  • The GBP150bn is still expected to be completed by the end of this year.
  • The pace of purchases will be slowed somewhat. The expected completion point of the program remains unchanged.
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