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The Bank of England has decided not to extend its quantitative easing programme at the moment but left the door open for future asset buying if needed, city wire reported today.

In a statement, the bank’s monetary policy committee said: ’The committee will continue to monitor the appropriate scale of the asset purchase programme and further purchases would be made should the outlook warrant them.’ But for now, members believe there are signs the economy is pulling out of recession and more stimulus is not needed.

see www.citywire.co.uk for the full report