The ongoing fragility of the UK's economic recovery is likely to lead to the Bank of England (BoE) implementing further quantitative easing (QE) today (9 February).
That is the opinion of many leading economists, who believe the central institution is set to inject more cash into the economy in order to add some stability to the uncertain situation faced by the nation at present.
Last October, the nine policymakers on the BoE's Monetary Policy Committee opted to boost its asset purchasing budget by £75 billion ($118 billion) to provide greater protection to Britain from the continuing eurozone debt crisis.
And, according to experts in the field, the body is likely to follow that up with another round of QE worth £50 billion today.
For instance, Philip Rush, economist at Nomura, said the "worst tail risks from the eurozone" are now off the table, but indicated officials are still of the opinion that stimulus is required.
By Asim Shah
