By Marcus Leach
According to the Bank of England's Quarterly Bulletin the Bank's purchase of £200 billion of assets has helped boost GDP by as much as 2%.
However, the quantitive easing, which saw the government buy the assets between March 2009 and February 2010, could have also pushed inflation up by 1.5%.
There are calls for a second round of quantitive easing at present, although at their latest meeting the Monetary Policy Committee (MPC) opted against such a move.
In fact, MPC member Adam Posen has repeatedly called for a return to quantitative easing since the beginning of 2011.
"If we do not undertake the stimulative policy that the outlook calls for, then our economies and our people will suffer avoidable and potentially lasting damage," he said last week.
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