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Further £50bn QE injection expected

by: IFAonline
  • 05/07/2012
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Further £50bn QE injection expected
The Bank of England is likely to pump another £50bn into the UK economy today, in the latest round of quantitative easing.

The Telegraph reports the Monetary Policy Committee (MPC) will increase the QE programme to £375bn when it announces the outcome of its latest monthly meeting at noon.

The report said figures released this week showed the country’s economy worsened in June, after the construction and manufacturing sectors contracted and the services sector suffered its worst performance in eight months.

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