Pair voted for QE rise of £75bn at MPC meeting - Herald Scotland

Minutes of the Bank of England committee's February 8 and 9 meeting, published yesterday, show that external MPC members Adam Posen and David Miles had preferred a £75bn hike in QE.

The minutes highlight a belief in this minority camp that there is a "risk of a prolonged period of depressed demand causing inflation to fall materially below the target in the medium term", and a worry that "persistently weak growth might impair the future supply capacity of the economy".