BANK of England Monetary Policy Committee member David Miles voted un-successfully to provide further stimulus to the struggling UK economy at the MPC's meeting two weeks ago, it has emerged.
BANK of England Monetary Policy Committee member David Miles voted un-successfully to provide further stimulus to the struggling UK economy at the MPC's meeting two weeks ago, it has emerged.
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Ian Mcconnell
Minutes of the MPC's November 7 and 8 meeting, published yesterday, show Mr Miles voted on his own to increase the scale of the Bank's quantitative easing (QE) programme by £25 billion to £400bn.
The other eight MPC members, including Bank Governor Sir Mervyn King, voted to hold QE at £375bn.
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