Bank of England seen signaling more stimulus to come

The Bank of England and the country's budget office have warned that Britain could be heading for its deepest recession in three centuries this year.

LONDON: Bank of England (BoE) officials could signal today that the case for more monetary stimulus is growing as a nascent rebound from the pandemic-induced recession risks fading.

While all analysts surveyed expect interest rates and the bond-buying target to be kept on hold for now, Bank of America Global Research, Goldman Sachs Group Inc and Bloomberg Economics are among those predicting governor Andrew Bailey will need to act again after the summer.