Markit Recap – 8/1/2016

The Bank of England doesn’t often follow the ECB. During the financial crisis and its aftermath, the Bank was relatively quick to cut interest rates and implement QE. The ECB was still hiking rates in July 2008, and didn’t start QE until 2015.

But the eurozone’s central bank could lay claim to beating its UK counterpart to the punch on one policy: Corporate QE. The ECB announced its CSPP programme back in March