BoE expands asset purchases by £100 billion
Haldane casts sole vote against expansion as ex-MPC member Sentance warns of “autopilot”
The Bank of England will increase its asset purchase programme by £100 billion ($124.5 billion) over the next six months, it announced today (June 18).
The central bank’s monetary policy committee (MPC) voted to increase purchases to £745 billion, with Andrew Haldane, the BoE’s chief economist, the only member to vote against the move.
In another vote, the MPC decided unanimously to continue its existing £200 billion quantitative easing programme and leave interest rates unchanged at 0.1%. The
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