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Bank of England MPC split three ways on quantitative easing Minutes show seven members voted for £25bn expansion, with one pushing for £40bn and the chief economist cautioning against any increase The Bank of England increased quantitative easing to...
Tags: Bank of England MPC, The Bank of England, quantitative easing, chief economist, Monetary Policy Committee, David Miles, seven member, Spencer Dale, economist spencer, billion pounds, France, Boé, Asset price inflation, Monetary policy, Inflation, Stagflation, Deflation, Business Finance, Money, Money supply, Mervyn King, Macroeconomics, Bank of England, Pound sterling, Economists, Interest rates, Public finance, Interest, Central banks, Economic policy, MarketWatch, economics, Economic history of the United Kingdom
They were also in agreement not to extend further the Bank's programme of pumping money into the economy. But members who in August called for a bigger injection of money than the £25bn decided, said the Bank may still need to extend the programme further.
Tags: Bank of England MPC, billion pounds, Monetary Policy Committee, meeting showed, quantitative easing, United Kingdom, London
Inflation shot up in July to more than twice the central bank's target, dousing expectations of interest rate cuts any time soon despite new evidence of sliding house prices and waning consumer demand. The 4.4 percent annual inflation rate was a record...
Tags: Bank of England MPC, rate cut, hold rate, David Blanchflower, blanchflower voting