By William L. Watts
FRANKFURT (MarketWatch) -- The Bank of England's nine-member Monetary Policy Committee unanimously backed the Nov. 10 decision to leave the key lending rate at 0.5% and the size of the asset-purchase program unchanged at 275 billion pounds ($429.6 billion), according to minutes of the meeting released Wednesday. The MPC in October expanded the asset-purchases, the centerpiece of its quantitative-easing strategy, by 75 billion pounds to its current level. The minutes said MPC members worried about the impact of the euro-zone debt crisis, noting that while the worst risks "had not so far crystallized, the threat of their doing so had increased, exacerbating the already severe strains in bank funding markets and financial markets more generally."
