BoE minutes show dovish shift

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The Bank of England (BoE) today (June 20) published the minutes from the Monetary Policy Committee's latest meeting, which revealed BoE governor Mervyn King voted for renewed quantitative easing in the UK at the June gathering.

Regarding the asset purchase programme, the committee was split 5:4, with the slim majority voting to keep the regime as it was. However, the governor, David Miles and Adam Posen wanted to increase the size of the asset purchase programme by £50 billion to a total of £375

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