Economics
BOE to Hold Fire on Bond Buying as Case for November Boost Grows
- U.K. central bank expected to keep policy on hold Sept. 17
- Jobs, inflation, retail sales data are also due next week
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Bank of England policy makers are set to hold fire on further stimulus next week, waiting until November to expand asset purchases in the face of an anticipated surge of unemployment and the risk of a messy Brexit.
The nine-member Monetary Policy Committee will keep its quantitative easing target at 745 billion pounds ($950 billion) and interest rates at a record-low 0.1% when they announce their decision on Sept. 17, according to all 21 economists surveyed by Bloomberg.