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"[The MPC] will be prepared to dish out more stimulus if the economy fails to rally"
- Howard Archer, chief economist at IHS Global Insight
The Bank of England's Monetary Policy Committee kept key interest rate at record low of 0.5% and maintained its target for asset purchases of 275 billion sterling on Thursday.
"The fact that all nine MPC members favored a ВЈ75bn dose of QE - and even considered a ВЈ100bn helping - at their October meeting reinforces belief that they will be prepared to dish out more stimulus if the economy fails to rally," said Howard Archer, chief UK and European economist at IHS Global Insight.
"The contagion through to Italy will be very concerning for the MPC," said Philip Rush, an economist at Nomura International Plc. in London. The statement "leaves the door firmly open to extending QE at any point up through February."