Bank to resist rate rise and more QE

The Bank of England is expected to resist unleashing extra emergency support for the economy today amid mixed signals over the fate of the recovery.

The Bank's monetary policy committee (MPC) is set to keep its quantitative easing (QE) stock at £325bn, after injecting £50bn in February, and hold interest rates at a record low of 0.5%, reports the Guardian. The MPC's April meeting follows a run of positive surveys on the manufacturing, construction and services sectors, suggesting the economy returned to growth in the first quarter of the year. The Organisation for Economic Co-operation and Development (OECD), however, believes the UK probably entered recession in the first three months of the year. Despite the tentative signs o...