Bank of England refrains from further QE

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The Bank of England has decided not to extend its quantitative easing (QE) stimulus programme, which has injected £375bn into the UK financial system.

...

But a succession of poor economic indicators and corporate results has led many observers to believe that the economy is still weak, leading to speculation that more QE would be needed.

Indeed, the minutes from the last MPC meeting in October showed that some members thought more QE would be required at some point in the future.

"We are pretty sure that the economy will need more stimulus in the months ahead," said Vicky Redwood of Capital Economics.

http://www.bbc.co.uk/news/business-20250413

[stevewinn]

The economy might struggle, im sure we'll see a small downturn in the coming month before returning to growth early next year. but if needed then printing money is one the many options open to us. either way it looks like the UK is over the worse. but that could all derailed by the on going recession in the eurozone.

Edited November 10, 2012 by stevewinn