Just one member voted for more QE

Robyn Hall

November 21, 2012

David Miles voted to inject a further £25bn into the UK economy, over and above the £375bn already committed under the asset purchase programme.

The eight other members voted not to inject more money but all nine members of the committee voted in favour of keeping interest rates at a record low of 0.5%.

The Bank has previously hinted that more QE was “more likely than not to be needed in due course”.

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