View more on these topics

MPC pondered £75bn quantitative easing expansion

Monetary Policy Committee members considered pumping an extra £75bn into the economy via its quantitative easing programme at its May meeting, but instead decided on £50bn.

The minutes of the Bank of England’s MPC meeting, at which the decision was taken to freeze the base rate at its all-time low of 0.5 per cent, show that members pondered extending the quantiative easing programme by the maximum £75bn.

The MPC eventually settled on a £50bn extension to its asset purchase scheme, bringing its total to £125bn.

The minutes said: “For some members, the economic outlook warranted an increase in the size of the programme of £50bn. For other members, a case could be made for the larger stimulus. But as the precise amount that would ultimately be required was so uncertain, there was no pressing need for the larger extension at this meeting.”

The MPC says the programme will be reviewed every month, with a view that the amount of assets purchased could then be increased or decreased in light of the MPC’s assessment of economic developments.


Andy Bell

AJ Bell chief executive Andy Bell says he will carry on working for as long as he feels challenged and rewarded by the job but the second he stops enjoying it, he will leave.

Virtual reality

Nobody would doubt that the Association of British Insurers and the Institute of Financial Planning, among others, are doing a great job in terms of helping IFAs bring some key issues to the fore.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm