The Bank of England left its monetary policy unchanged on Thursday, but its dire forecast about the UK economy this year suggested that it might increase the size of its bond-buying program at its next meeting in June.

The Bank’s monetary policy committee decided to keep the key rate at 0.1%, as expected , and didn’t feel the urge to increase the size of the £200bn quantitative easing program it launched in March to help the economy weather the coronavirus crisis. Two of the nine-member committee, however, voted to increase the program immediately by an additional £100bn.