BoE: More QE For The World?

As part of its post-Brexit monetary policy reaction plan, the Bank of England will begin buying up to £10 billion of sterling investment grade corporate bonds from mid-September.

Bank of America, Merrill Lynch’s credit strategist Barnaby Martin, believes that the bank’s aim here is clear, governor Mark Carney and the rest of the monetary policy committee is looking to tighten corporate bond spreads, promote issuance and ultimately revitalize a moribund funding market for British companies.

Interview With Michael Mattie Author Of The Global Addiction To QE [Part One]

Barnaby Martin and team have touched on this topic before. Indeed, at the beginning of July after the dust from the UK’s EU referendum had started to settle, the team published a research note...