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22nd Aug 2024 00:00UKDaily Monitor

  • We expect the MPC to agree in September that QT will continue at a £100B-a-year pace from October.
  • The BoE has welcomed increased use of its short-term repo facility as part of a strategic shift…
  • ...to a demand-driven reserves system, while small changes to active QT would be fine-tuning.

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Keywords for: 22 August 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence