BOE MPC meeting minutes reveal 2 dissenters for last QE
Minutes released show that the BoE’s 50 billion GBP increase in Asset purchases target, announced earlier this month, had been opposed by 2 of the 9 members of the committee.
These members opposed the increase on the ground that other stimulus measures being introduced were sufficient so far given that the drop in inflation could be attributed to changes in oil prices rather than other factors – and was thus unreliable.
The vote to keep interest rates unchanged was however a unanimous one and all 9 members voted for no change.
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