Bank of England committee split on interest rates

Bank of England committee split on interest rates
 

ANY remaining semblance of forward guidance at the Bank of England was called into question yesterday with the news that two members of the monetary policy committee (MPC) voted to raise interest rates this month.
Minutes of the MPC’s August meeting showed that Ian McCafferty and Martin Weale dissented from the majority view of seven other members, including governor Mark Carney, that rates should be kept on hold.
The minutes stated: “For two members, in particular, economic circumstances were sufficient to justify an immediate rise in Bank rate.”
The MPC’s first split vote since July 2011... read more

 
21 August 2014 in Business, Views: 34
Source: Scotsman
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31