BoE minutes show two votes for greater QE


The Bank of England today released the minutes from the Monetary Policy Committee meeting earlier this month that showed two members wanted to see an addition of £75 billion to the asset purchase programme.

The result of the February 8–9 meeting was a £50 billion boost to the quantitative easing programme in the UK. This was because the remaining seven members of the committee, including Mervyn King, governor of the central bank, were in favour of the lesser amount.

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