BoE seen expanding 125 bln stg quantitative easing scheme* IMF sees weak recovery, 2.5 pct global growth in 2010* G8 says too early to end stimulus, hopeful on
watch replica trade deal* Tokyo stocks fall to 6-week low, yen hits 5-month high* Alcoa starts U.S. earnings with
replica watchsmaller-than-expected loss (For more on the financial crisis, click on nCRISIS])By Lesley Wroughton and David MillikenWASHINGTON/LONDON, July 9 (Reuters) - The Bank of England looks set to feed more cash into its economy on Thursday, underscoring policymakers' commitment to support a fragile recovery from the worst global recession since World War Two.The International Monetary Fund raised its 2010 global
watches replica growth outlook, but warned that neither the economy nor the banking industry at the heart of the financial crisis were strong enough to do without heavy public spending and cheap central bank funds.Lingering concerns about the health of the global economy continued to haunt markets, driving Asian stocks lower and keeping a lid on oil prices."The recovery is coming, but it's likely to be a weak recovery," IMF chief economist Olivier Blanchard said after the Fund forecast the world economy will slowly pull out from a 1.4 percent slump this year and grow 2.5 percent in 2010, faster than the 1.9 percent growth it forecast in April. [ID:nN08376464]Leaders of the Group of Eight industrial nations meeting
replica watches in Italy agreed that despite rounds of interest rate cuts and an estimated $5 trillion in public spending, it was much too early to cut off economic lifelines."All were of the view that the crisis is a long way from being over," German Chancellor Angela Merkel. "With luck, we have reached the bottom," she told reporters in L'Aquila, where leaders of the United States, Japan, Germany, France, Britain, Italy, Canada and Russia were holding their annual summit.EASING TOP-UPBritain's central bank is expected to act in that
wholesale watchvein and expand its 125 billion pound quantitative easing scheme while keeping interest rates at a rock-bottom 0.5 percent.Economists expect the BoE to add 25 billion pounds to the newly created money used to buy government bonds and corporate debt to encourage lending to the rest of the economy. [ID:nL88255]Fears that high unemployment and weak consumer spending could strangle the nascent recovery made investors trim riskier bets, with the yen soaring to a 5-month high against the dollar and pushing Tokyo stocks .N225 down 1.4 percent to a 7-week low. [MKTS/GLOB]