The Bank of England is expected to expand its quantitative easing program on Thursday, but economists do not expect negative interest rates to be implemented this time around. The Bank’s latest monetary policy decision comes as the U.K. economy attempts to recover from an unprecedented 25% contraction across March and April as lockdowns forced by the coronavirus pandemic hammered economic activity. Although a modest recovery appears to be underway, economists expect that the central bank has more work to do. Since the start of the pandemic, the BOE has cut rates twice from 0.75% to 0.1% and announced £200 billion ... (full story)