The Bank of England is one the biggest obstacles to low inflation, according to former Monetary Policy Committee (MPC) rate-setter Andrew Sentance.
Sentance, who resigned from the MPC in June, said the committee formed a dangerous "consensus" around the Bank of England Governor Mervyn King.
Speaking at the M&G inflation conference, he added that if the MPC votes for more quantitative easing (QE) tomorrow it will show it "is no longer acting consistently with a 2% target [and] confirm that they are acting with an inflationary bias".
"The MPC has no track record of taking tough monetary policy decisions to underpin its credibility," he said, adding that despite recent forecasting errors, the MPC would still be placing emphasis on their own forecasts.
Expectation the Bank would restart QE rose yesterday, after new figures from the Chartered Institute of Purchasing & Supply showed a slowdown in construction, according to the Telegraph.
He also said the Bank's analysis suggested there is very little spare capacity in the economy to soak up inflation.
Sentance predicted that despite a precarious world economy, global growth would remain strong next year, at around 4%.
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