Halister News

(Bloomberg) -- Weak post-referendum survey data, which suggests U.K. economy is flirting with recession, and recent change in tack from most hawkish MPC member, has prompted a change in call for the August BOE meeting, Citi’s director of European Research, Christian Schulz, says in a client note.

• In addition to 25bps BOE rate cut to 0.25%, now also expects asset purchases to be reactivated
• MPC may announce GBP75b in new purchases over the coming four months, these will include private sector assets
• New long-term bank refinancing operations also possible