MPC

The Bank of England has held the base interest rate at 0.5%.

The minutes of the last Monetary Policy Committee meeting held on 7 and 8 November reveal David Miles was the only member calling for a boost to the Bank of England's quantitative easing programme.

The Bank of England still has the 'firepower' to boost the economy through another round of quantitative easing (QE), policymaker David Miles had said.

The Bank of England has kept interest rates on hold for the 44th consecutive month and refrained from launching a fresh round of quantitative easing after recent data showed the UK exited recession in the third quarter.

The Bank of England's Monetary Policy Committee is expected to vote against pumping more money into the economy when it meets this week, despite previous forecasts of a further £50bn injection.

The Bank of England's Monetary Policy Committee is split over whether to commit to further quantitative easing, according to minutes from this month's meeting.

A positive start to the third quarter earnings season has lifted equity prices higher on the major US and European markets.

Juan Valenzuela gives his thoughts on the impact of the latest round of QE in the UK and abroad.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep rates on hold and maintain QE at £375bn in August but expressed fears over sterling's continued appreciation.

In its latest quarterly inflation report, released today, the Bank of England has muddied the waters somewhat on its plans for further stimulus, leaving pundits wondering if a rate cut is on the cards.