<P> Beginning in March 2009 , the Bank of England had purchased around £ 165 billion in assets as of September 2009 and around £ 175 billion in assets by the end of October 2009 . At its meeting in November 2009 , the Monetary Policy Committee ( MPC ) voted to increase total asset purchases to £ 200 billion . Most of the assets purchased have been UK government securities ( gilts ) ; the Bank has also purchased smaller quantities of high - quality private - sector assets . In December 2010 , MPC member Adam Posen called for a £ 50 billion expansion of the Bank 's quantitative easing programme , while his colleague Andrew Sentance has called for an increase in interest rates due to inflation being above the target rate of 2 % . In October 2011 , the Bank of England announced that it would undertake another round of QE , creating an additional £ 75 billion . In February 2012 it announced an additional £ 50 billion . In July 2012 it announced another £ 50 billion , bringing the total amount to £ 375 billion . The Bank has said that it will not buy more than 70 % of any issue of government debt . This means that at least 30 % of any issue of government debt will have to be purchased and held by institutions other than the Bank of England . In 2012 the Bank estimated that quantitative easing had benefited households differentially according to the assets they hold ; richer households have more assets . </P>
<P> Beginning in March 2009 , the Bank of England had purchased around £ 165 billion in assets as of September 2009 and around £ 175 billion in assets by the end of October 2009 . At its meeting in November 2009 , the Monetary Policy Committee ( MPC ) voted to increase total asset purchases to £ 200 billion . Most of the assets purchased have been UK government securities ( gilts ) ; the Bank has also purchased smaller quantities of high - quality private - sector assets . In December 2010 , MPC member Adam Posen called for a £ 50 billion expansion of the Bank 's quantitative easing programme , while his colleague Andrew Sentance has called for an increase in interest rates due to inflation being above the target rate of 2 % . In October 2011 , the Bank of England announced that it would undertake another round of QE , creating an additional £ 75 billion . In February 2012 it announced an additional £ 50 billion . In July 2012 it announced another £ 50 billion , bringing the total amount to £ 375 billion . The Bank has said that it will not buy more than 70 % of any issue of government debt . This means that at least 30 % of any issue of government debt will have to be purchased and held by institutions other than the Bank of England . In 2012 the Bank estimated that quantitative easing had benefited households differentially according to the assets they hold ; richer households have more assets . </P>
when did the bank of england start quantitative easing
when did the bank of england start quantitative easing
March 2009
March 2009