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Bank of England is ready to inject another £50bn into UK economy in an effort to give it a further boost.
The quantitative easing (QE) programme once completed will total a sum of £325bn.
Meanwhile, the interest rates of the bank would also be kept at a minimum of 0.5%.
"The underlying pace of recovery slowed during 2011, with activity falling slightly during the final quarter. Some recent business surveys have painted a more positive picture and asset prices have risen. But the pace of expansion in the United Kingdom's main export markets has also slowed and concerns remain about the indebtedness and competitiveness of some euro-area countries," the Bank said in a statement.
According to the Bank, the inflation is expected to fall from the present value of 4.2% to less than 2% without another extension in the QE stimulus.
Source: BBC News
The quantitative easing (QE) programme once completed will total a sum of £325bn.
Meanwhile, the interest rates of the bank would also be kept at a minimum of 0.5%.
"The underlying pace of recovery slowed during 2011, with activity falling slightly during the final quarter. Some recent business surveys have painted a more positive picture and asset prices have risen. But the pace of expansion in the United Kingdom's main export markets has also slowed and concerns remain about the indebtedness and competitiveness of some euro-area countries," the Bank said in a statement.
According to the Bank, the inflation is expected to fall from the present value of 4.2% to less than 2% without another extension in the QE stimulus.
Source: BBC News
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