U.K. Manufacturing Slump Seen Spurring BOE Into Stimulus Revival
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Britain’s deeper-than-forecast manufacturing slump, suggesting the economy remains mired in recession, may prompt the Bank of England to resume stimulus as soon as next week, Deutsche Bank AG and and Citigroup Inc. said.
Deutsche Bank economist George Buckley in London said the central bank will increase its bond-purchase target by 50 billion-pound ($77 billion) on June 7, revising a previous forecast for no change in quantitative easing. Citigroup’s Michael Saunders also sees an increase that day.