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bank rate

QE (Quite Enough?) Update & Competition Winner

Earlier today the Bank of England announced that along with keeping the bank rate at 0.5% it is to increase the QE program by a further £25bn over the next 3 months. Whilst an increase was somewhat expected by the market gilts have sold off, the yield on the 3 3/4 2019 rose to 4% earlier as it seems to have expected a larger commitment. Even though we had a GDP print of -0.4% recently it seems …

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