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Mervyn King wanted more quantitative easing cash

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Uploaded by on Aug 19, 2009

The governor of the bank of England Mervyn King wanted to pump an extra seventy five billion pounds into the economy through quantitative easing and not the fifty that was eventually settled on.

Minutes from the monetary policy committees meeting last month show that King and three other members wanted to take the total to two hundred billion but were outvoted.

However all the members voted unanimously that the base rate should remain at point five per cent.

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