Bank of England could print more money this week as it comes under pressure
Another dose of the Bank of England’s multi-billion-pound money-creation programme could be on the cards this week.
The ever-darkening economic scene has put pressure on the Bank ahead of Wednesday and Thursday’s meeting of its Monetary Policy Committee, which sets interest rates.
It was only in October that the MPC announced plans to create 75billion through quantitative easing, on top of the existing 200billion programme.
Bank of England: The economic picture has worsened rapidly
But the economic picture has worsened so rapidly that there are now suggestions this may prove inadequate.
“The probability is that we will get more QE,” said Rupert Robinson, chief executive of Schroders Private Banking.
“It will not necessarily be this week, but we will get more,” he added.
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