No consensus on quantitative easing

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Divisions remain on the question of how much good the Bank of England's quantitative easing (QE) programme has done, according to the summary of a roundtable discussion it published on Thursday.

At the event in December, which was attended by members of the Centre for Economic Policy Research (CEPR) and the Bank, some participants pointed to the Japanese experience, noting that quantitative easing had done little to increase bank lending there.

The roundtable was held under the Chatham House rul

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