MPC - the new role model

Discussing the latest thoughts on Fundamentals figures – just as talk about the euro begins to hot up – Clare argues the Bank of England policy is far superior compared to both the policies of the European Central Bank and the Federal Reserve. According to Clare, Bank of England's Monetary Policy Committee's decision to target inflation at a 2.5% symmetric inflation target with a 1% leeway either way - combined with its aim for transparency - has been a success in so far has managed to keep interest rate within its framework. And despite shocks as the South East Asian crisis, the Ru...