QE and interest rates unchanged
The Bank of England voted to keep quantitative easing unchanged and held interest rates at 0.5%.
Bank to vote on boosting QE 'by £25bn to £400bn'
Governor of the Bank of England, Sir Mervyn King voted last month to boost the Bank's quantitative easing programme by another £25 billion to £400 billion in an attempt to jump-start the recovery. This figure is the amount likely to be discussed today.
A recent shock fall in manufacturing activity in February on top of gloomy construction figures suggested others on the Monetary Policy Committee (MPC) may also be swayed to unleash more support.
But better news from the powerhouse services sector and retailers earlier this week has boosted hopes that Britain will be pulled back from the brink of a triple-dip recession.
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