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- BOE MPC votes 6,3 to maintain Bank Rate at 0.5% and the size of the Asset Purchase Programme at stg200 billion.
BOE MPC votes 6,3 to maintain Bank Rate at 0.5% and the size of the Asset Purchase Programme at stg200 billion.
The Bank of England's Monetary Policy Committee again split four ways at its March meeting, with one member voting to extend quantitative easing, six voting for unchanged policy, two for a 25 basis point rate hike and one for a 50 bps increase. The minutes of the Mar meeting showed that while the vote on the MPC was unchanged from Feb, the committee was wrestling with the new shocks of a sharp rise in oil price and developments in the Middle East and North Africa. The minutes said some MPC members believed the case for a rise in Bank Rate had risen.
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