Two Bank Of England MPC Wanted GBP75bn QE
Published / Last Updated on 21/02/2012
Two Bank Of England MPC Wanted £75bn QE.
Meeting notes from the Bank of England’s Monetary Policy Committee (MPC) have revealed that two of its members voted for a £75bn stimulus to the economy. However, the 7 other members disagreed stating that £50bn would be enough.
Since the credit crisis began, the Bank has injected £275bn into the economy through quantitative easing (QE).