Wednesday, 01 August 2012 07:01 'The BoE’s Monetary Policy Committee (MPC) decided to inject an extra £50bn into the British economy. However, two members of the MPC believed that the British economy needed a much bigger boost than the £50bn injection confirmed.
A vote for £75bn by Adam Posen and David Miles who are both external MPC members, lost by the majority of their seven colleagues, who all voted for the extra £50bn making a total quantitative easing (QE) of £325bn.'
Wednesday, 1 August 2012
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