- Miles voted for extra £25 bln QE
- Most MPC members agreed past month’s developments did little to alter QE arguements
- Inflation likely to remain above 2% over next year; upside risks to food prices from bad weather
- Recent UK economic news mixed, sees Q4 contraction, broadly flat near-term output
- Risks from euro zone less pressing, but worse UK competitiveness may hamper UK exports
BOE minutes: MPC voted 8-1 to keep QE total at £375 bln, 9-0 to keep interest rates at 0.5%
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