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Times MPC calls for up to £50bn more in quantitative easing
The Bank of England’s rate-setters should vote to pump an additional £25 billion to £50 billion into the economy at their meeting today, The Times Monetary Policy Committee recommends. Seven of the nine committee members believe that the Government should expand its £175 billion quantitative easing (QE) programme, which aims to stimulate the economy by printing money and using it to buy bonds from financial institutions. Four members want a £25 billion increase in QE, one called for a £30 billion rise and two for a £50 billion jump. The other two members voted for no change. Last month, the panel unanimously voted to maintain QE at its existing level amid signs that the economy... Full Story
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Submitted Nov 4, 2009 10:50pm
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