QE and interest rates unchanged
The Bank of England voted to keep quantitative easing unchanged and held interest rates at 0.5%.
QE decision 'balanced on a knife-edge'
Howard Archer, chief UK and European economist at IHS Global, said despite the cheerier economic data, the March MPC decision "looks to be balanced on a knife-edge". He said the Bank of England will most likely hold fire on more QE due to the sharp weakening of the pound.
He explained last week's drop of pound against the dollar will make QE less likely:
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