Three MPC members voted for more QE in June's meeting

Aaron Strutt Image

Three members of the Bank of England's Monetary Policy Committee voted in favour of increasing the quantitative easing programme by £50bn at June's meeting.

Bank governor Mervyn King, David Miles and Adam Posen all wanted to raise the size of the asset purchase programme by £50bn to £375bn.

The committee voted unanimously in favour of keeping base rate on hold at 0.5%. They discussed the possibility of base rate coming down further, but decided that they were other key economic factors over the coming weeks that would have a material bearing on their decision.

June 22, 2012

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