QE decision makes it clear ‘that’s all for now’, says Ignis' Stuart Thomson

“The Bank of England has provided the final £25bn parcel of quantitative easing and the accompanying statement made it clear “that’s all for now folks”. The more hawkish than expected statement confirmed our belief that this is an insurance provision designed to provide further stimulus throughout Christmas and early New Year. The decision was undoubtedly finely balanced given the latest industrial production and housing data as well as the PMI surveys. Ultimately, we do not believe this is the end of QE; withdrawal of record stimulus is fraught with difficulties and mistakes are inevitable, but the next round of QE is more than 15 months away.”