Inflation worries split MPC on QE

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Bank of England policymakers remained split this month on whether to restart their programme of asset purchases to boost the economy amid signs that their divisions are becoming entrenched.

The latest minutes show six members of the monetary policy committee continued to oppose governor Sir Mervyn King at the April meeting.

King, Paul Fisher and David Miles want to buy a further £25 billion of gilts immediately, taking the total held by the Bank of England under its quantitative easing programme to £400bn.

There were no sign that divisions are narrowing, with those voting 
for the status quo 
raising concerns over inflation and the effectiveness of QE.