Bank of England MPC unanimously rejects QE

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The Bank of England Monetary Policy Committee (MPC) disregarded the case for purchasing more assets, according to the minutes from its latest meeting, published on November 21.

However, one committee member did say the case for undertaking additional purchases was strong during the MPC meeting on November 7 and 8. The member said it would be possible to achieve higher output growth without causing any material inflationary pressure, citing the degree of slack in the UK economy. The member said

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