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Data from Bank of England. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BoE Quantitative Easing held to 875B in December 2021
Bank of EnglandMonthlyReleased December 2021
United Kingdom BoE Quantitative Easing held to 875B in December 2021. The reading matched the 875B consensus. Over the past 3 months, BoE Quantitative Easing averaged 875B, vs 875B in the prior 3-month window. BoE Quantitative Easing is now the highest in 46 months.
Latest Release
875
Actual
875
Consensus
875
Previous
Median Absolute Error
±0 billion
across last 12 releases
Last Call
Dec 2021
Predicted: 875
Actual: 875
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BoE Quantitative Easing (United Kingdom) was reported at 875.00 billion in December 2021. This matched the market consensus of 875.00 billion exactly. The reading was unchanged from the previous release. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 875.00 billion, unchanged from the prior three.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.00 billion.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Jun 18) and Unemployment Rate (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update December 2021.
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BoE Quantitative Easing - UK
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About BoE Quantitative Easing — United Kingdom
DEFINITION
BOE Quantitative Easing is a monetary policy tool used by the Bank of England to stimulate the economy by increasing the money supply. This is achieved through the purchase of government bonds and other securities, which in turn lowers interest rates and encourages lending and investment. This indicator is closely monitored by investors and economists as it can have a significant impact on inflation, economic growth, and currency exchange rates.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2021): actual 875 B, consensus 875 B. Prior reading (Nov 2021): 875 B. Before that (Nov 2021): 875 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.