Economics
BOE Set for $130 Billion QE Boost as U.K. Enters New Lockdown
- Policy decision has been moved forward to 7 a.m. on Thursday
- Chancellor Rishi Sunak will address Parliament later in day
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The Bank of England is poised to announce a new round of monetary stimulus on Thursday with an early morning decision as the U.K. starts another pandemic lockdown.
Economists expect the BOE to increase its bond-buying target by 100 billion pounds ($130 billion) to 845 billion pounds, with a chance of even more.