Bank of England has been under pressure from economists plus businesses to go further with its policy of quantitative easing, which, according to some economists would help in fighting recession.

Monetary policy committee of Bank of England said the interest rates should remain at the historic low of 0.5 percent.

Adviser to the British Chambers of Commerce, David Kern has advised the bank not to feel secure by temporary signs of economic recovery in past few weeks.

David Kern said that quantitative easing should go beyond £125 billion. It may be noted here that so far the MPC has used £125 billion out of £150 billion available to it under quantitative easing measures.

Charlie Bean, Bank of England's deputy governor suggested that MPC may wait and observe the impact of its spending worth £125 billion before advancing.

But, the governor of the bank, Mervyn King is of the opinion that the stock of purchased assets has more importance than the flow of such purchases.