Bank of England’s Paper Comments

Written June 12, 2009 at 12:05 AM EST by  

BoE Paper: UK and global economic outlook “highly uncertain”; Will continue to review scale of QE at monthly meetings

- BoE estimates that 700K to 1.1M UK households were in negative equity in Q1
- Support from UK authorities for QE to remain important, QE had limited the recent rise in GILT yields

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