Bank of England to hold back on emergency support

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

The Bank's Monetary Policy Committee (MPC) is forecast to keep its quantitative easing (QE) stock at £325bn (€391.8bn), after injecting £50bn (€60.3bn) in February, while holding interest rates at a record low of 0.5%.