In its quarterly inflation report, the Bank said economic growth had been “broadly flat since March last year”.
The UK economy showed zero growth between July and September.
For the following three months, the Bank of England now expects it to shrink by 0.1% against a previous forecast for 0.3% growth.
A recession is defined as two back-to-back three-month periods of economic contraction.
For the first three months of this year, the Bank now expects the economy to grow by just 0.1%, down from its 0.3% forecast published last November.
The latest official growth figures for the UK economy will be published next Thursday.
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