QE has boosted broad money: Bank
The Bank of England's Monetary Policy Committee voted unanimously on October 8 to hold the bank rate at 0.5%.
Minutes of the meeting show that the committee found that the rate of broad-money growth was amplified by the Bank's asset purchase programme. Last Tuesday, Charles Bean, a deputy governor of the Bank, said it was difficult to pinpoint how effective quantitative easing has been, as there was no way to tell what would have happened in its absence.
Members disagreed on the balance between
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