Bank split on QE extension, governor outvoted
The Bank of England's Monetary Policy Committee was split for the first time since February on its decision to extend its quantitative easing programme by £50 billion ($82 billion) earlier this month.
The minutes of the meeting, out Wednesday, showed three of the nine members - including Mervyn King, the governor of the Bank - had wanted to extend the programme by £75 billion to £200 billion. It is the first time since June 2007 that the governor has been outvoted.
The minutes shocked analysts
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