Carney BOE Guidance Seen Pushing QE on Back Burner: U.K. Credit

Mark Carney’s push to give greater insight into the U.K. policy outlook may put quantitative easing on the backburner after four years as the Bank of England’s primary support for the economy.

The BOE governor probably voted to hold bond purchases at 375 billion pounds ($566 billion) at the July 4 Monetary Policy Committee meeting, according to 30 of 45 economists in a Bloomberg survey. Minutes of the meeting, when the BOE gave unprecedented guidance on interest rates, will be published in London tomorrow.