BOE's Bailey Says He Has No Expectations for Stimulus in 2022

The transcript discusses the UK's economic upgrade and the Bank's asset purchase program, emphasizing that while the pace of achieving stock quantities has changed, the end date remains the same. It explores market reactions to these changes, the difference between open-ended and fixed QE programs, and the implications for future QE expectations. The discussion also covers forecasts based on market profiles and the importance of not over-interpreting market curves. Finally, it addresses the policy review process and considerations for future tightening, including rate hikes and asset stock reduction.

What factors influence the decision-making process regarding monetary policy?

What guidance did the MPC adopt regarding interest rates and asset reduction?