The Bank of England's (BoE) decision to increase the level of quantitative easing (QE) in order to stimulate economic growth was not a surprise, one expert claims. Ted Scott, director of UK equity strategy at F&C, said that the BoE's Monetary Policy Committee's vote to raise the level of QE was not a surprise, and that the increase was actually on the conservative side.He commented: "Following the disappointing growth data the extension of the QE programme was not a surprise; indeed many observers felt that it may be raised by £50 billion, as has been the case in the past. "Therefore, the MPC is signalling that is it slowing down its monetary stimulus."While Mr Scott's reference to a "slowing down" of fiscal assistance from the BoE will please some, the necessity of continued increases in economic injections will raise a number of questions about the financial sector.
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