The imminent threat of recession across Europe will force the Bank of England to extend its stimulus beyond the extra 75 billion pounds announced last month, according to a large majority of economists polled by Reuters.
Britain's economy is in a perilous state. Linked inextricably to a euro zone that appears to be descending into a new recession, the UK is also labouring under fierce government spending cuts and rising unemployment.
This dire mix prompted Bank policymakers to expand their quantitative easing (QE) programme of asset purchases to 275 billion pounds in total last month, but it won't likely end there.
Forty-four out of 52 economists polled this week said the Bank would inject further rounds of fresh money into the economy, with those who thought so sizing it at a median 325 billion pounds -- unchanged from a poll run last month. There was one forecast for 500 billion pounds….
Find out more at http://uk.reuters.com/article/2011/11/02/uk-boe-rates-poll-idUKTRE7A14LN20111102?feedType=nl&feedName=ukdailyinvestor
No comments:
Post a Comment