The lines are very wide if you want to read between them
There's no limits to government bond yields for QE
BOE did not discuss any measures in advance with banks (I should bloody well hope not)
BOE does not want to see UK bank deposit rates fall below zero
BOE targets inflation not the FX rate
Sterling pass through to inflation takes years
I wonder what Draghi thinks of that last comment. It was one of the main reasons for the ECB cutting rates back in 2014.
Cannot see any scenario for negative rates (The press won't let it lie)
Risks of low-interest rate environment to financial stability is outweighed by the benefits to the economy
Doesn't see merit of helicopter money
The pound has found some semblance of stability after holding above 1.3100 and we're back to 1.3180. We'll find resistance here ahead of 1.3200
