MPC in quandary over interest rates

The minds of UK investors have, for some months now, been firmly fixed on any signs of inflation creeping into the economy, and this collective worrying has been causing much stock market volatility. October saw data released which pointed towards a strong economic recovery, and this inevitably led to worries about increased pricing pressure and an eventual inflationary bust. UK investors also have one eye concentrated intensely on the US economy. With a high percentage of UK-listed stocks dependent on the US for earnings, events across the Atlantic are of great interest. At present senti...