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Technical Taper: BOE Slows QE In ‘Operational’ Adjustment
The BOE will slow the pace of weekly bond-buying by £1 billion to £3.4 billion, the bank said Thursday, while keeping all policy settings unchanged at the latest meeting.
The overall target size of government bond purchases remained £875 billion. The outgoing Andy Haldane voted to reduce the target and complete the current round of purchases months ahead of schedule.
The UK economy is now seen recovering pre-COVID levels of output in 2021. "New cases in the United Kingdom have continued to
