Minutes of the Bank committee's January 11 and 12 meeting, published yesterday as official data revealed the UK economy contracted by 0.2% in the fourth quarter of last year, heightened expectations that the nine-strong committee would increase the scale of its quantitative easing programme beyond £275 billion as early as next month.
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MPC predicted to back further QE measures
SOME members of the Monetary Policy Committee appear poised to vote for further stimulus to prop up the flagging UK economy, and economists believe that Bank of England Governor Sir Mervyn King is among them.
