Bank minutes show MPC considered larger stimulus

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Additional monetary stimulus may be necessary if the impact of the Bank of England's asset purchase programme is not fully transferred, according to minutes from the Bank's Monetary Policy Committee (MPC) meeting published on Wednesday.

Minutes of the October 5 and 6 meeting show the MPC voted unanimously to increase the size of its asset purchase facility by £75 billion ($118.5 billion) to £275 billion and to hold interest rates at 0.5%.

Members agreed there was "considerable uncertainty" over

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