BoE's unanimous vote to keep QE unchanged raises eyebrows

Mark Carney

The minutes from the Bank of England's (BoE) Monetary Policy Committee (MPC) July meeting, published today, took observers by surprise as they showed a unanimous vote to hold asset purchases at their current rate, as well as holding interest rates.

The MPC said that expanding QE remained one means of injecting stimulus into the economy, but that it would be investigating other options as well - thus making it unwise "to initiate an expansion" at the July meeting. "Given the already large size of

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