Bank expected to wait and see
The Bank of England is expected to hold fire on further recession-busting measures today after pumping £200bn in newly-created money into the economy.
The Monetary Policy Committee finished the latest round of its quantitative easing efforts last week and economists believe it will wait and see to judge the strength of the recovery.
The Bank began easing in March last year when interest rates were cut to a record low of 0.5 per cent. The committee is expected to leave rates unchanged today.