ECB and BoE edge closer to more easing

ECB governing council
ECB governing council

Commentators expect a move towards a more dovish stance at the conclusion of major central bank monetary policy meetings tomorrow, with many predicting the Bank of England (BoE) will vote for more quantitative easing (QE).

The Bank of England and the European Central Bank (ECB) are due to announce their monetary policy decisions at around midday GMT. Both central banks are facing weak data, as eurozone GDP contracted 0.6% in the fourth quarter of 2012, and UK GDP contracted 0.3%.

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