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UniCredit View Ahead of the Sep MPC Meeting

BOE
  • UniCredit point to "better macro data, along with the fact that the September meeting comes only a little more than a month after the August Monetary Policy Report, should see the committee vote unanimously" for no change.
  • Regarding the Minutes, UniCredit note that the tone "is likely to be dovish, given the huge uncertainty ahead and significant downside risks."
  • UniCredit look for GBP100bln more QE to be announced in November.

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