BOE Minutes: Most MPC members likely to back further rate cut to near zero in 2016

The minutes of the BOE monetary policy decision is also published, noting the following:

Corporate bond purchase scheme will operation for initial 18-month period, expected to start in mid-September

Total size of asset purchase facility could increase by up to 170 bln Stg after August decisions

BOE financial policy committee says has decided to exclude Central Bank reserves from UK leverage ratio rules, with immediate effect

Most Monetary Policy Committee members likely to back further rate cut to near zero in 2016 if incoming data consistent with forecast

Monetary Policy Committee vote 8-1 to buy 10 bln Stg of Sterling non-financial investment-grade corporate bonds, financed by Central Bank money