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ORIGINAL POST: First big event of the day: The Bank Of England monetary policy decision.Everyone expects more QE to be coming, given the flagging economy.
The question is whether it’s 50 billion or 75 billion more pounds.
We’ll have the number LIVE at 7:00 AM ET.
50 billion more QE has been announced. Right as expected.
But the bank of England has already been upstaged by the Bank of China, which simultaneously did a rate cut of its own.