BoE to Exit QE Program in 6-12 Months According to Poll

Analysts are forecasting an end to the Quantitative Easing program that the Bank of England has been running. Comments such as the ones by Kohn can be used to gauge if the UK economy is ready to abandon these kind of programs.

The Bank of England has allocated all it intends to in quantitative easing, and will not exit the bond purchase program for another six months at least as the economic outlook remains shaky, a Reuters poll showed.

Median forecasts from the poll of 60 analysts, taken Sept. 28-Oct. 1, suggest the central bank will limit its purchases of mainly government bonds to 175 billion pounds.

However, a third of respondents said the Monetary Policy Committee could expand the program further when it meets on Oct. 7-8.

CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza