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 are some options the Bank of England might consider instead of negative rates?

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