“Bank of England Governor Mervyn King was defeated in a push for more stimulus this month as officials considered options including a rate cut and expanding the range of assets purchased as ways to help the economy.
King, Paul Fisher and David Miles wanted to increase the target for bond purchases by 25 billion pounds ($38 billion) to 400 billion pounds on Feb. 7, though they were outvoted by the remaining six members of the Monetary Policy Committee. The pound fell after the release of the minutes in London today….”
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