- MPC considered cutting rates
- Possible that further moneatry stimulus alone is insufficent
- Should consider other measures
- More targetted intervention needed to boost demand
All in all this confirms the recent comments by King and Weale which makes it clear that they want a weaker Pound in order to increase demand
Also suggests they’re running out of ideas
Full Minutes at http://www.bankofengland.co.uk/publications/minutes/Pages/mpc/pdf/2013/mpc1302.aspx