Amidst recently posted decline in UK's economy for this year's July-September period, the Bank of England is heading towards a decision which could send positive effect to financial sector.

More than half of the analysts polled by Media Major Reuters have estimated that there is a good chance that the bank will put in a whopping ?30 Billion into the country's economy, thereby increasing the Quantitative Easing (QE) program.

Economists have estimated that while the interest rates will stay at a current record low for some time, the QE program, to pump up the money supply, stands a good chance of getting an extension from its current ?175 Billion level to a new high of ?205 Billion.

One of the reasons that economists are estimating the rise in QE is the disappointing third quarter fall in UK's output of 0.4%.

As other major European economies have started to rise out of the global recession, UK cannot afford to fall behind and urgent measures are required to put the biggest European market out of the financial crunch. The rise in QE could be just the thing required.