BoE minutes show split over QE

Bank of England

Minutes from the Bank of England's Monetary Policy Committee (MPC) meeting published on January 25 show members of the committee are split over whether to begin another round of quantitative easing at the next meeting.

The nine-member MPC agreed that a decision to change policy was not warranted at the January 11 and 12 meeting, and voted unanimously to maintain the Bank rate at 0.5% and continue with the £275 billion ($429 billion) programme of asset purchases.

While the balance of risks to

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