BOE Preview: August meeting minutes

MPC is expected to have voted unanimously to leave rates on hold at 0.5% and to extend QE by an extra GBP 50bln to GBP175bln Today’s announcement is not likely to be a major event after the BOE decided to increase the ceiling of their QE program after having seen the BOE’s quarterly inflation report last week. However, traders may look for clues on the rate cycle and how far the BOE may be prepared to go with QE. Following a global rally in equity and commodity markets over the last few weeks,