Raise interest rates now

Wednesday 3rd September 2014

The Times’ shadow monetary policy committee has suggested that the Bank of England raises interest rates this month to avoid having to lift them aggressively later. For the second consecutive month, six of the nine members called for an immediate move and three voted for policy to be left unchanged. The shadow MPC's decision comes one month after two policymakers at the Bank of England broke ranks and voted for a rate increase from 0.5% to 0.75%
 

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