Questions Over Mpc's Judgment ; Rate Cut in Association with Www.Rbs.Co.Uk

Summary

---

The Bank of England's stunning decision comes amid questions over the recent judgment of its rate setters.

The 1.5 per cent cut - on top of October's 0.5 per cent drop - marks a dramatic shift for the Monetary Policy Committee (MPC) as it seeks to regain the initiative against the backdrop of an all but inevitable recession.

See the full content of this document

Extract

---

Questions Over Mpc's Judgment ; Rate Cut in Association with Www.Rbs.Co.Uk

But as recently as August, some MPC members were voting to actually hike rates as worries over inflation and higher wage demands dominated thinking.

Inflation is now yesterday's problem even though it stands at 5.2 ...

See the full content of this document

---