MPC flirted with QE
16th August 2012
MEMBERS of the Monetary Policy Committee considered a further cash injection into the economy at their meeting this month.
Minutes of the meeting show the the MPC voted unanimously to maintain the Bank of England's quantitative easing programme at £375bn and the base rate at 0.5%.
But some members felt there was a "good case" for expanding QE again just a month after last intervening.
The committee felt the economy was stronger than the second quarter GDP figure of -0.7% suggested and "most members" felt......for the full story register now for free or login below...
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