More QE From the BOE: Bank Expands Bond-Buying Program

The Bank of England has increased its bond purchase target to 745 billion, aligning with market expectations. Speculation exists about further expansion, possibly into negative rates. Current UK economic data is weak, but recovery signs are emerging. The pound's value is slightly down against the US dollar. Future QE actions are anticipated, with an August decision being pivotal. The Bank may explore options like yield curve control or lowering term funding rates, as the labor market weakens.

What was the new bond purchase target set by the Bank of England?

• 945 billion

• 745 billion

• 645 billion

• 845 billion

What was the vote count for the Bank of England's decision to expand QE?

• 7 to 2

• 6 to 3

• 9 to 0

• 8 to 1

By when is the Bank of England's asset purchase program expected to be completed?

• Next year

• No specific timeline

• End of the year

• Mid-year

What is one of the potential future actions the Bank of England might consider?

• Yield curve control

• Raising taxes

• Increasing interest rates

• Reducing bond purchases

Why is the August meeting considered crucial for the Bank of England?

• It will address the weakened labor market

• It will finalize the bond purchase program

• It will determine future policy actions

• It will decide the new governor