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Bank of England MPC - What to expect?
The Bank of England will give it monetary policy announcement on Thursday 5th November, the same day that the UK’s new month-long lockdown will begin. Whilst a QE is almost a dead cert, the central bank could also pop in a surprise rate cut. Here’s what to watch for: Downgraded forecasts Lockdown 2.0 was only announced this weekend, so the central bank may not have had time to adjust all its numbers to reflect the new restrictions. Still, the BoE will in one way or another convey the economic damage that is expected from closing the UK economy for a second time. Q4 GDP will likely be downgraded and the length of ... (full story)