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.
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