Bank of England poised to pump billions more into economy | guardian.co.uk

Via Bank of England poised to pump billions more into economy | Business | guardian.co.uk :

Economists believe the Bank’s monetary policy committee (MPC) will extend its quantitative easing (QE) programme by another £25bn at midday, following its two-day meeting on interest rate policy. That would take the amount of new money created by the QE programme to £150bn, the maximum authorised by the chancellor, Alistair Darling.

There is also speculation in the City that the QE programme could be extended. Sixteen out of 36 economists surveyed by Bloomberg said they expected the MPC would ask permission to raise the QE ceiling above £150bn, perhaps by as much as £50bn.