• Dale and Broadbent opposed increase
• Voted 9-0 to keep interest rates at 0.5%
• MPC members who supported more QE discussed 75 bln increase as well as 50 bln
• Key question for MPC was how big a boost to growth would come from funding for lending and ECTR schemes
• Potential stimulus from new schemes helped tip MPC towards 50 bln QE and not 75 bln
• Dale and Broadbent concerned fall in inflation “very largely” due to temporary effect from lower oil prices
• Near-term outlook for GDP weaker, survey indicators had deteriorated since June
• “Very substantial risks” remain from euro zone, increasing signs this is hurting UK growth