MPC likely to pump extra £25bn into economy-papers

clock

The Bank of England's Monetary Policy Committee (MPC) is likely to vote to pump at least an additional £25bn into the economy, reports The Times.

A poll of 62 City economists showed two thirds expect the MPC to vote to extend the £175bn scheme of quantitative easing (QE) at its rate meeting next week. However, analysts were split over whether the limit would be raised by £25bn or £50bn, with £25bn winning by only one vote. Read more The Government and other Lloyds shareholders are due to see the bank amid fears that its crumbling share price has thrown the planned £11bn rights issue into jeopardy, says The Telegraph. Lloyds shares have crashed 16.6% this week, closing down 3.84 at 80p on Thursday, as a result of the drac...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read