CBI: QE decision was a 'close call'

A combination of mixed economic data and the MPC’s recent tilt in a more dovish direction, is likely to have made this decision a close call.

With only a modest pick-up in growth expected, the possibility of further QE will remain a live issue.

– Stephen Gifford, CBI Director of Economics

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QE and interest rates unchanged

The Bank of England voted to keep quantitative easing unchanged and held interest rates at 0.5%.