Chances are rising that the Bank of England will decide to start buying assets again next week to support an economy teetering on the brink of a third recession in four years, a Reuters poll found on Thursday.
The poll of 64 economists, taken Feb 26-28, gave a median 40 percent probability the central bank would inject another wave of cash into the money supply next week, on top of the 375 billion pounds ($567.5 billion) of new money it has already pumped in.
That is higher than the 35 percent probability in a snap poll taken a week ago after minutes from the February meeting showed three of the nine Monetary Policy Committee (MPC) members – including outgoing Governor Mervyn King – voted for 25 billion pounds of additional bond purchases.
Even if March is not the trigger, there is a 60 percent chance they will unleash a fresh wave of cash – known as quantitative easing (QE) – before the year is out, up from 51 percent in last week’s poll.
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