Bank split on QE extension, governor outvoted

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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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