BoE asset purchases sit on knife-edge

Bank of England

The Bank of England's (BoE) Monetary Policy Committee (MPC) held fire on further quantitative easing (QE) today amid speculation that it would sanction an additional £25 billion ($38 billion) of asset purchases.

In its previous meeting, a motion to increase the central bank's asset purchase programme – currently at £375 billion ($565 billion) – by an additional £25 billion was rejected by six votes to three.

Comments by Paul Tucker, a BoE deputy governor, in the interim period had helped contrib

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