BoE indecision is risking the economy - Assetz

He says the huge stock market falls witnessed yesterday might not have happened if the Monetary Policy Committee (MPC) had reduced rates at the beginning of the year. Law also says the Bank is playing a dangerous game by holding off on rate cuts until February, claiming the MPC was responding to political pressure from the Government, which called for a rate cut. “In an attempt to emphasise its independence from the Government, the Bank of England’s somewhat futile decision to hold off a rate cut until February, expecting a month’s delay to have little impact on the market, has been hig...