Policymakers at the Bank of England (BoE) are likely to opt to finish their present round of quantitative easing (QE) when they meet later today (5 April).
According to a survey of economists conducted by Bloomberg, there is an expectation in the markets that the Monetary Policy Committee (MPC) feels its £50 billion ($79 billion) monetary stimulus launched in February is needed for at least another month.
All 39 of the financial experts asked during this study believe officials at the BoE will decide to maintain this QE - which took the institution's total asset purchasing budget to £325 billion - due to fears about the UK's state of inflation.
George Buckley, chief UK economist at Deutsche Bank, stated that while the MPC will likely keep policy stable this month, its monetary stimulus decision in May will represent a "big signal to the market".
Specialists also feel the BoE will hold interest rates at 0.5 per cent - one day after it was announced the European Central Bank had opted to maintain its rate at one per cent.
By Gary Cooper