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Analysts expect Bank of England to stop injecting cash.

Global Banking News-3 February 2010-Analysts expect Bank of England to stop injecting cash(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 03 February 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Analysts believe that the Bank of England would stop injecting new money after concluding its monetary policy meeting on Thursday.

Analysts expect the bank to leave its key interest rate unchanged at a record-low 0.50 per cent. The bank has so far injected GBP200bn into the economy under quantitative easing (QE), a programme in which it creates money by purchasing bonds from commercial institutions.

Official data show that Britain emerged from recession in the final quarter of last year.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Feb 3, 2010
Words:138
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