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Bank of England expected to keep rates and QE despite dire UK forecasts

There are serious doubts as to whether a move on rates is the adequate tool to deal with the current crisis

Call it the central bank quandary. The Bank of England on Thursday will publish its dire forecasts for the U.K. economy in the months to come, but could refrain from adding to the comprehensive package it decided in March to help cushion the coronavirus crisis.

To overcome that dilemma — warning about bad times while doing nothing — the BoE could, however, at least give some indications of how it might respond to its own, different scenarios.

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