"I wouldn’t be at all surprised if all nine members voted for an increase in quantitative easing (QE) by October. In fact I’m expecting it. People accuse me of heresy and say I should be strung up but I don’t care if inflation gets to 4 per cent because we have got such a brittle economy."
JAMES HUGHES | CMC MARKETS
"The fact that the US has now had to do more – not necessarily normal quantitative easing, but a form of stimulus – means that a lot of people think it’s inevitable that the UK and Europe will have to go the same way. If the vote started to move that way, it would not be too much of a surpise."
MICHAEL SAUNDERS | CITIGROUP
"Last week’s inflation report did not imply that further quantitative easing (QE) is needed. If the MPC did want to add extra stimulus then QE may not be the most effective way. They’re able to add stimulus simply by forecasting that inflation will be below target, which allows them to give the signal of low rates for an extended period."