"Next month's decision will take place against a background which might make members think a bit harder as to whether more QE is justified"
- Philip Shaw, an economist at Investec Securities
The Bank of England left its benchmark interest rate unchanged at a record low of 0.5% in October and introduced no new stimulus measures, as the economy is showing some signs of recovery. The current amount of the quantitative easing is £325 billion; the bank is expected to finish its spending by buying 50 billion pounds of British government bonds by 1 November.
"Looking ahead to November's meeting, we think that the Committee is likely to favour further asset purchases," said Anna Leach, head of economic analysis at employers' organisation the CBI.
"While there have been a few positive signs in recent data, underlying conditions remain relatively flat. Meanwhile, uncertainty around the international backdrop is likely to build further through the autumn, keeping confidence in check."
"Next month's decision will take place against a background which might make members think a bit harder as to whether more QE is justified," said Philip Shaw, an economist at Investec Securities in London.
The FTSE 100 Index added 0.03 per cent to 5,827.78. The broader FTSE All-Share Index rose by 0.12 per cent to 3,044.74.
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