The minutes from the latest Monetary Policy Committee meeting show that the "doves" have retained a ...
The minutes from the latest Monetary Policy Committee meeting show that the "doves" have retained a firm grip on the group, and indicate that it will take a significant jump in economic performance before a tougher monetary policy line is taken. The MPC voted 8 to 1 in favour of retaining the base interest rate at 4%, saying that global economic recovery was still unclear. Falling stockmarkets and signs of slowing growth in the US meant that a rate rise now could cause a significant shock for business and consumers. Yet again it was deputy Bank of England governor Mervy...
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