BoE's Miles: could have sought much bigger QE boost

From reuters.com

Bank of England policymaker David Miles said on Friday he would have backed a much bigger increase in monetary stimulus this month if the government had not announced plans to take a cash surplus of over 35 billion pounds from the central bank. The Bank agreed this month to a finance ministry request that it return the interest paid on 375 billion pounds of government bonds it has bought as part of its quantitative easing policy. The bank's Monetary Policy Committee was told of the decision just as its members were deciding whether to extend that programme of asset purchases. "It certainly affected my ... (full story)