Bank of England to restart printing presses as outlook dims

[link to finance.yahoo.com]

The Bank of England is expected to fire up its printing presses for a third round of economic stimulus later on Thursday just two months after shutting them down.

Policymakers have essentially been forced to act by an increasingly gloomy economic climate. They have already pumped 325 billion pounds into the economy, which nonetheless fell back into recession at the turn of the year.

A raft of gloomy data nearly led the policymakers to push the button again last month, after the Bank had stopped its quantitative easing bond-buying in May.