FTSE remains buoyant despite MPC minutes release
City Index September 19, 2012 2:58 PM
<p>The FTSE 100 has increased in trading despite the release of the latest Bank of England’s Monetary Policy Committee minutes. </p>
One member of the Bank of England's Monetary Policy Committee (MPC) wants to increase the programme of asset purchases.
Minutes of the latest MPC meeting were released today (September 19th) and they show how the nine-member group did not share the same opinion about how to improve growth in the UK.
However, the other eight people thought it was a straight-forward decision to continue on the path already agreed upon in previous months.
"Some of these members felt that additional stimulus was more likely than not to be needed in due course, while others saw the risks to inflation … as being more balanced," the minutes revealed.
By the end of November, £375 billion will have been pumped into the economy through quantitative easing (QE).
However, investors do not seem to be unduly worried by the revelation, as the FTSE 100 is up 9.3 points to an index value of 5,877.46 as of 10:43 BST.
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