Argument for QE hold “finely balanced”: Bank

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Hopes of an expansion of the Bank of England's quantitative easing programme received a further boost on Wednesday after minutes of the Monetary Policy Committee's (MPC) February meeting revealed some rate-setters were close to backing the option.

The vast majority of analysts tipped the Bank to maintain the size of its asset purchases at £200 billion ($316 billion) at its 4 February rate vote.

However, the publication of the Bank's February Inflation Report led some to predict a split after its

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