MPC minutes: Miles calls for £25bn boost to QE

Miles was the only one of the nine members to vote for an additional £25bn of QE, which would take the total size of the asset purchase scheme to £400bn. The committee was unanimous in its decision to hold the base rate at 0.5%, however.   Earlier this week Miles said the Bank still has the 'firepower' to boost the economy through another round of QE. "We may need more stimulus. That will depend on how the headwinds holding back growth play out," he said, adding there is likely to be some positive impact from the BoE's Funding for Lending scheme, put in place to make loans cheaper ...