Saturday 4 February 2012

Bank of England to Print Further £50 Billion

THE DAILY TELEGRAPH: Britain's weak economic recovery is expected to lead the Bank of England to print £50bn more money in the coming weeks.

The Bank's Monetary Policy Committee is set to announce on Thursday that it is expanding its Quantitative Easing programme from £275bn to £325bn.

Several members of MPC signalled at their January meeting that they would vote for a further round of QE this month.

City economists had thought the committee would approve a further £75bn of asset purchases this month, but services and manufacturing surveys have suggested that the economy performed slightly better than expected in the early weeks of this year. » | Robert Watts, Deputy Political Editor | Saturday, February 04, 2012