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Page last updated at 08:12 GMT, Thursday, 6 August 2009 09:12 UK

Bank policy 'not fully effective'

Bank of England's Monetary Policy Committee is due to announce its regular update to interest rates. For the moment, however, their quantitative easing programme is in the spotlight. £125bn has been spent so far. Now it has been paused. Jim O'Neill and David Kern discuss if the bank should go further.

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