Two members of the Bank of England’s Monetary Policy Committee are in favour of a cut in rates – it seems a matter of time before more join them
Huw Pill, the Bank of England’s chief economist, said last year the path of interest rates was likely to mirror the shape of South Africa’s Table Mountain: steep-sided but with a plateau at the summit.
Judging by the Bank’s latest monetary policy report, Pill and the other eight members of Threadneedle Street’s Monetary Policy Committee (MPC) are now only a few short steps from starting their descent from the mountain top. But they are not quite there yet.
Continue reading…Two members of the Bank of England’s Monetary Policy Committee are in favour of a cut in rates – it seems a matter of time before more join themBusiness – liveHuw Pill, the Bank of England’s chief economist, said last year the path of interest rates was likely to mirror the shape of South Africa’s Table Mountain: steep-sided but with a plateau at the summit.Judging by the Bank’s latest monetary policy report, Pill and the other eight members of Threadneedle Street’s Monetary Policy Committee (MPC) are now only a few short steps from starting their descent from the mountain top. But they are not quite there yet. Continue reading…