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Waiting For Bank of England. Bank of Japan And Federal Reserve Disappoint

Waiting For Bank of England. Bank of Japan And Federal Reserve Disappoint

4 Years ago | July 31, 2016 00:00:00

John M. Bland, MBA

Bank of England Ease Likely
Early last week, the U.K. received special post-Brexit flash PMI Manufacturing and Service PMIs. Both reports fell sharply as they came in below the 50 economic expansion level. Bank of England policy board member Wheale, a well known hawk expressed shock at the weakness of these data and indicated that policy ease at the upcoming meeting would be likely. Some expect a 25bp reduction in the 50bp repo rate, and possibly an increase in Quantitative Ease (QE).

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