Pursuits
BOE Seen Refraining From More QE as Credit Plan Assessed
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Bank of England policy makers will probably refrain from adding further stimulus to the U.K. economy today as their new credit-boosting program shows early signs of success.
Governor Mervyn King and the Monetary Policy Committee will opt to watch for further progress in the Funding for Lending Scheme and keep the target for quantitative easing at 375 billion pounds ($601 billion), said all 39 economists in a Bloomberg News survey.