Blanchflower attacks King over recession

A former member of the powerful Monetary Policy Committee has recently launched a verbal attack on the governor of the Bank of England, Mervyn King, according to a recent report. Read more

Tags: david blanchflower, mpc, mrvyn king, bank of england, recession

Split decision on rates at last MPC meeting

According to the recently released minutes from the last Monetary Policy Committee meeting held in early August there was a split vote with regards to interest rate movement. However, despite this many officials now believe that the minutes indicate that the MPC and the Bank of England are now prepared to look at cutting rates again despite soaring inflation levels that are set to get worse. This is because of the gloomy forecasts that have been made with regards to the UK’s economy. Read more

Tags: Monetary Policy Committee, bias, rate, remainder, bank of england