BoE MPC members scramble to reaffirm low rates
The Bank of England's (BoE) Monetary Policy Committee (MPC) will stand by its forward guidance and not be raising interest rates any time soon, three members of the MPC have said.
In separate speeches yesterday and today, Ben Broadbent, David Miles and Paul Tucker each stressed that markets should not overreact to nascent signs of a recovery in the UK. Tucker said it would be easy for markets to jump to the "mistaken conclusion" that stimulus was about to be withdrawn. "Given the slack in the
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