Lothar Mentel, chief investment officer at Tatton Investment, says the weak economic figures and low inflation globally are supportive of further central banks' action.
Lothar Mentel, chief investment officer at Tatton Investment, says the weak economic figures and low inflation globally are supportive of further central banks' action.
Bill O'Neill, head of chief investment at Wealth Management Research, UBS, talks to CNBC about the changeover of leadership in the Bank of England and the state of the British economy.
Bank of England chief Mervyn King should be the bearer of some good news on Wednesday in his final forecasts before handing the reins to Mark Carney, even if the British economy remains far from healthy.
Paul Donovan, global economist and managing director at UBS, explains that the BoE doesn't need to increase its stimulus program as the funding for lending scheme money should start to trickle through to the economy.
Allister Heath, editor at CITYAM and Hugo Dixon, editor at large at Reuters, comments on the U.K.'s economy ahead of the BoE's rate decision, and the effect monetary policy has had until now.
Stephen Isaacs, chairman of the investment committee at Alvine Capital, says the Bank of England is unlikely to do anything new until Mark Carney's arrival and why its mandate might be expanded then.
James Ashley, Senior Economist at RBC Capital Markets says more QE from the Bank of England is highly unlikely. He does not see the U.K. slipping into recession but says the economy will go through a long and slow process of growth.
George Buckley, Chief UK Economist at Deutsche Bank thinks the Bank of England does not need to implement any more quantitative easing. Nicholas Ferres, Investment Director, Global Asset Allocation of Eastspring Investments joins in the conversation.
Neil Irwin, author of The Alchemists, says the Fed is likely to send a message of continuity and discusses what is now needed to be a successful central banker.
Geoffrey Dicks, chief U.K. economist at Novus Capital Markets, warns that the U.K. GDP figure is preliminary and might be revised down and explains that another round of stimulus is unnecessary.
Mike Amey, portfolio manager at Pimco, discusses expectations for the U.K's first quarter GDP and says the government "missed the trick on the funding for lending scheme".
Sam Hill, fixed income strategist at RBC, explains that the IMF's lower growth forecasts for the U.K. proves that there is a limit to what monetary policy can achieve.
Michael Gallagher, director of research at IDEAglobal, talks about the impact the change of leadership at the Bank of England has and will have on the U.K.'s macro picture.
A top Federal Reserve official on Friday defended the central bank's dual mandate of full employment and price stability, but also said he's optimistic the economy is gathering strength.