The Bank of England today faces the difficult decision of whether to pump more money into the struggling UK economy by expanding its unprecedented £175bn quantitative easing programme.
Many City economists expect the Bank's monetary policy committee to increase the QE programme by between £25bn and £50bn when it finishes its two-day meeting at noon, in a renewed attempt to pull Britain out of recession. Others, though, argue that QE should be left as it stands. Interest rates are set to stay at 0.5%, their lowest on record. See story...
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