BOE Keeps Rates on Hold, Defying Market Expectations

The transcript discusses the current state of monetary policy, focusing on the Bank of England's approach to quantitative easing (QE) and interest rates. Catherine Mann's influence on the Monetary Policy Committee is highlighted, along with the need for clear communication and sequencing of policy actions. Comparisons are made with the Federal Reserve's strategy, and upcoming decisions by major central banks are anticipated, with a focus on managing market expectations and labor market data.

Discuss the significance of the upcoming Federal Reserve decision on December 15th.

What factors are influencing the decision-making process of the Bank of England regarding QE?