Sentance or Posen - Who is right?

We ask three high profile figures to discuss whether the Bank should leave rates and QE at current levels - or should the MPC follow hawk Andrew Sentance in hiking interest rates or dove Adam Posen in further stimulating the economy. Henderson chief economist Simon Ward The economy has grown more strongly than expected this year, inflation remains well above both the target and the Bank of England's forecast, while financial conditions continue to normalise. Money supply expansion is modest but the velocity of circulation is picking up, implying ample monetary fuel to power an ongoing...