Dave Ramsden, Deputy Governor of the Bank of England, stated that no further quantitative easing (QE) is expected in the near term. The Bank continues its quantitative tightening (QT) policy, progressively reducing its balance sheet of government bonds acquired during previous QE phases. The BoE maintained its key rate at 3.75% in September and plans to unwind its bond holdings over several years. Market pricing now reflects a reduced probability of interest rate cuts, with strong expectations for a rate increase after the November meeting.
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