Summary of Analyst Views: The vast majority.....>

BOE: Summary of Analyst Views: The vast majority of analysts (18/23) expect the

an increase in the stock of asset purchases of GBP100bln at today's meeting.

- The five analysts who did not expect GBP100bln all expected more QE. GBP200bln

was the most expected. More than half of the analysts expected either more than

GBP100bln QE as their base case or explicitly stated that risks were for a

larger announcement.

- The vast majority of analysts expect the pace of asset purchases to be

maintained at least until the end of July or after the August MPC meeting. Five

analysts looked for an immediate slowing of purchases.

- A number of analysts who look for a GBP100bln increase expect the MPC will

take this action to keep its options open until its August meeting. There are

three main lines of argument for this view. First, in August new forecasts will

be produced and the MPR will allow a greater explanation for any new policies.

Second, more will be known about both the hit of Covid-19 to both the economy

and the fiscal position. Finally, many analysts expect the Bank's review into

the Effective Lower Bound will be complete.