Extra £50bn shows MPC prepared to do all that it takes

The fact that the Monetary Policy Committee (MPC) extended its policy of asset purchases by another £50bn at today’s meeting no doubt reflected the limited impact of quantitative easing (QE) so far and the fitful nature of the economic recovery. With the Committee clearly prepared to take bold steps to get the recovery off the ground, it is quite possible that even this extra £50bn is not the last.

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