As we said earlier this month, the Bank of England's decision to hold interest rates was not an easy one, with the minutes of the Bank's Monetary Policy Committee revealing that some of the nine committee members wanted an interest rate increase to stem rising inflation.
The minutes said 'if there were a serious threat to medium-term inflation expectations then a pre-emptive rise in rates would be appropriate. Delay would only increase the eventual costs of bringing inflation back to target.'
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment