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Investec view ahead of this week's MPC meeting

BOE
  • Investec expects a unanimous decision to leave policy unchanged.
  • Expect gilt purchase pace to fall to around GBP4bln per week.
  • Investec think that "the MPC's assessment of the current indicators will probably be one of guarded optimism, but tempered strongly by the risks facing the economy further ahead. We think there is a strong chance that the committee sanctions a further £75bn-£100bn of QE in November."
  • On ELB: Investec says that its "guess is that the internal review at the BoE has yet to be concluded and there will be few firm steers. But it is possible that some hints emerge about its feasibility or otherwise."

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