More QE to avoid recession, says poll

02.11.2011

Several respondents said it was likely the Bank would announce further rounds of asset purchases - which comprise mainly British government bonds held by banks - in the first quarter of next year.

"By the time that the Bank finishes the £75 billion of purchases, the fresh high frequency data will have shown a further weakening of the real economy," Brian Hilliard, chief UK economist at Societe Generale, told the Reuters poll.