MPC voted unanimously for rate hold - but hints at more QE

Minutes from the December meeting show all nine members voted to hold interest rates at 0.5% and keep its asset purchase programme at the current level. In October, the Bank ramped up its QE scheme by £75bn amid turbulent economic conditions. Although members resisted a new round of stimulus this month, the minutes noted a further expansion of QE may be warranted soon. "Some members continued to note that the balance of risks to inflation in the November inflation report projections meant that a further expansion of the asset purchases programme might well become warranted in due c...