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BoE to decide on quantitative easing strategy this week

The Bank of England is to decide how far to extend the quantitative easing programme at its monthly Monetary Policy Committee meeting on Thursday.

The Bank is expected to hold interest rates at 0.5 per cent but is likely to make a decision over whether to inject the remaining £25bn of funds for quantitative easing into the economy to help ward off deflation.

Chancellor Alistair Darling has authorised the BoE to use up to £150bn to buy Government bonds and other assets. So far, the MPC has used £125bn of this.

There has been increasing pressure on the BoE to release the remaining £25bn and step up the pace and for the Chancellor to increase the size of the programme.

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