SOME members of the Bank of England's Monetary Policy Committee (MPC) believed a good case could be made for immediate further stimulus to boost the recession-blighted UK economy when they met two weeks ago.
This belief was revealed yesterday with publication of minutes of the MPC's August 1 and 2 meeting. It fuelled expectations of a further increase later this year in the quantitative easing programme, which is aimed at stimulating activity by boosting money supply through the purchase of Government and corporate bonds using central bank reserves.
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