Thursday preview: All eyes on the Old Lady of Threadneedle Street

The Bank of England's Monetary Policy Committee (MPC) will be revealing its policy decision at midday on Thursday with the majority of economists expecting the Bank of England (BoE) to ramp up its asset purchase programme, or quantitative easing (QE).

The Bank of England's Monetary Policy Committee (MPC) will be revealing its policy decision at midday on Thursday with the majority of economists expecting the Bank of England (BoE) to ramp up its asset purchase programme, or quantitative easing (QE).

Analysts at Investec are predicting that the MPC will signal a further £50bn of QE, taking the total asset purchase programme to £375bn. However, they think that a Bank rate cut from the current historically low level of 0.5% remains "off the cards".

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