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PPI: BoE could print more money to promote economy

The Bank of England (BoE) could print more money in a bid to stimulate the economy, it has been revealed.

The minutes from last month's Monetary Policy Committee (MPC) meeting has shown that members are considering putting more money into the financial system via its quantitative easing programme.

Quantitative easing is where the BoE prints more money, which can be swapped for other bank assets, to enable firms to increase their lending potential.

Around £200 billion has already been committed to the programme, with further funding likely to contribute to a spike in inflation.

The minutes read: "The probability that further action would become necessary to stimulate the economy and keep inflation on track to hit the target in the medium-term had increased."

MPC members voted eight-to-one to keep interest rates at 0.5 per cent, with only Andrew Sentance opting for a 0.25 per cent rise.

Posted by John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance. ADNFCR-2776-ID-800080140-ADNFCR



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