Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
The Bank of England Monetary Policy Committee left Bank Rate on hold at 0.1% and the target stock of gilt asset purchases at GBP875 billion, with only Chief Economist Andy Haldane, who was attending his final MPC meeting, again dissenting and voting to lower the target stock to GBP825 billion. The total QE target, including corporate bonds, was maintained at GBP895 billion
All of this was as expected and the meeting seemed to be little more than a placeholder before the August one, with its quarterly forecast round. The monetary policy guidance was unaltered from May and in its accompanying market notice the Bank said that its approach, of slowing gilt purchases up to the August meeting, remained unchanged and it said that work to ensure negative rates would be a live policy tool in August was on track.