Wednesday, February 8, 2012

Bank of England expected to announce £50 billion more QE but no base rate change

Bank of England's MPC likely to pull trigger on more QE

The bank of England's Monetary Policy Committee concludes its monthly rate-setting meeting tomorrow and is likely to resume its programme of quantitative easing by injecting £50bn or £75bn into the UK economy. It is almost certain that base rate will remain at 0.5 per cent for a 35th consecutive month.

Posted by ben @ 05:06 PM (697 views)
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