Business

Carney holds off on QE vote

NEW Bank of England governor Mark Carney held off voting for more money printing at his first policy meeting earlier this month, it emerged yesterday. Minutes of the bank's monetary policy meeting showed that members voted unanimously to hold quantitative easing at £375 billion, with David Miles and Paul Fisher reversing their call for another £25bn of asset purchases. The minutes showed that while some members felt the economy needs another dose of money printing, they are prepared to wait until August, when the bank will say whether it plans to give forward guidance on monetary policy and tie it to clear milestones such as unemployment figures.