Analysts see no January QE move

The Bank of England has been urged not to waste time in issuing another dose of emergency medicine to help the ailing British economy.

The British Chambers of Commerce said an announcement this week on an expansion of the Bank’s quantitative easing (QE) programme would boost confidence and ease concerns around the fate of the eurozone.

Despite the message, most analysts expect the Bank’s monetary policy committee to keep QE at £275 billion following Thursday’s meeting, with next month seen as the more likely date for action.