Just how fragile is the UK recovery
News that the Bank of England’s monetary policy committee was split seven to two on whether or not to raise interest rates at its latest meeting is unsurprising, but how much should be read into it?
News that the Bank of England’s monetary policy committee was split seven to two on whether or not to raise interest rates at its latest meeting is unsurprising, but how much should be read into it?
The Bank of England’s deputy governor, Paul Tucker, has tabled the use of negative interest rates as a potential monetary policy, prompting the Treasury Select Committee to ask for a further explanation.
Minutes from the latest MPC meeting show banks could further restrict lending to businesses and households.