More Quantatative easing on the way?

The Bank of England have maintained the base rate at 0.5%, resisting pressure to match the US rate and drop to 0.25%. In the light of general economic doom and gloom, more quantatative easing measures are likely to be considered although no action is planned immediately.

In short, all the signs are that any previously perceived recovery has been long forgotten in the shadow of a potential double-dip recession.