Bank to resist rate rise and more QE

The Bank's monetary policy committee (MPC) is set to keep its quantitative easing (QE) stock at £325bn, after injecting £50bn in February, and hold interest rates at a record low of 0.5%, reports the Guardian. The MPC's April meeting follows a run of positive surveys on the manufacturing, construction and services sectors, suggesting the economy returned to growth in the first quarter of the year. The Organisation for Economic Co-operation and Development (OECD), however, believes the UK probably entered recession in the first three months of the year. Despite the tentative signs o...