Two MPC members wanted £75bn QE in Feb

According to the minutes of the last meeting in early February, when the MPC opted to expand QE by £50bn to £325bn, David Miles and Adam Posen broke ranks and called for even more stimulus. "Two members of the Committee voted against, preferring to increase the size of the asset purchase programme by £75bn to a total of £350bn," the minutes said. However, with markets expecting £50bn, and the MPC not wanting to spook investors, it opted for the lower amount. The minutes said: "An increase of £50bn in the stock of asset purchases would represent a material monetary stimulus, and it ...