BoE’s new MPC members disagree on future path of hikes
New deputy Dave Ramsden sees current degree of slack to be too great to warrant removal of stimulus
The Bank of England’s newest deputy governor has revealed he was in the minority at the latest monetary policy meeting regarding his views on the future path of interest rates.
Despite all nine members voting to leave rates on hold in September, a large number of monetary policy committee members saw a case for removing some monetary stimulus “in the coming months”, Dave Ramsden told the Treasury Select Committee today (October 17).
“I was not in that majority,” he said. “I think that’s
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