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As such, the market thought that the MPC would pause its asset purchase programme in November.
Accordingly, the committee decided to conclude its asset purchase programme this month".
And the only way we'd get information about the effectiveness of a Treasury purchase programme was to implement it.
This suggests that the asset purchase programme may be shielding euro area countries from contagion," he said.
The IMF's review said: "The recovery is strengthening, underpinned by lower oil prices and the ECB's expanded asset purchase programme.
The additional beneficial effect of extra gilt purchases appears to have diminished the bigger the asset purchase programme has got.
Similar(10)
Another favoured easing policy by increasing the size of the bank's asset-purchase programme.
The increase in the asset-purchase programme fell short of expectations.
Its open-ended asset-purchase programme is not due to start until 2014.
The asset-purchase programme is as yet too small to matter.
They brandish figures showing how the BoJ's asset-purchase programme has undershot that of other big central banks (see chart).
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CEO of Professional Science Editing for Scientists @ prosciediting.com