Free Trial

VIEW: Quick reaction from ING: "Today's move....>

BOE
BOE: VIEW: Quick reaction from ING: "Today's move effectively brings forward any
measures the Bank might have been minded to announce at its March meeting, so we
are unlikely to see many fresh fireworks at the formal gathering on 26 March.
However the Bank has been at pains to highlight that it has plenty of policy
space left, which it may well use depending on the extent of the shock. So what
could policymakers do? Well, the lower bound is generally perceived to be a
little above zero, perhaps 0.05%, which would leave another 20bp rate cut
available. However the Bank would then quickly turn to quantitative easing (QE)
- probably both in the form of government and corporate bond purchases."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.