MPC united on QE
15th August 2012
MEMBERS of the Monetary Policy Committee were unanimous in deciding not to inject further cash into the economy this month.
Minutes of the MPC's August meeting, published this morning, show that the committee felt the economy was stronger than the second quarter GDP figure of -0.7% suggested.
According to the minutes, "most members" felt the decision to hold on further quantitative easing was "relatively straightforward" as it would allow the committee to see the impact of the Bank's new 'Funding for Lending' scheme.......for the full story register now for free or login below...
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