Bank of England will leave door open for QE

[xchrom]

http://www.independent.co.uk/news/business/news/bank-of-england-will-leave-door-open-for-qe-2333627.html

The Bank of England will indicate later this week whether it is open to a fresh round of quantitative easing in the face of ongoing economic headwinds.

The central bank will release its quarterly inflation report on Wednesday, which is likely to support the view that interest rates will stay at 0.5 per cent deep into 2012.

Howard Archer, economist at IHS Global Insight, said: "The Bank of England is also likely to indicate that it is keeping the door open to more quantitative easing, particularly if the heightened financial turmoil persists."

The Bank is likely to raise its near-term consumer price inflation forecasts to more than 5 per cent in the autumn, Mr Archer said, "due to the size of the utility price rises that have been announced".

[meegbear]

1. I thought they were leaving it open for Queen Elizabeth

[xchrom]

2. lol! nt