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This Article is From Feb 02, 2017

Carney's Brexit Expansion of Gilt Purchases Nears Target: Chart

Carney's Brexit Expansion of Gilt Purchases Nears Target: Chart

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(Bloomberg) -- As Bank of England Governor Mark Carney prepares to unveil policy makers' latest decision and forecasts, part of their initial response to the Brexit vote is drawing to an end. The six-month, 60 billion-pound ($76 billion) extension to government-bond buying announced in August looks set to reach completion by the close of this month. None of the economists surveyed by Bloomberg expect the BOE to expand the quantitative easing program further on Thursday.

--With assistance from Stephen Spratt

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net.

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Brian Swint, Fergal O'Brien

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