The Bank's monetary policy committee (MPC) voted earlier this month not to change its current policy position.
It said the Bank of England's Monetary Policy Committee (MPC), which sets interest rates and authorises other monetary boosts, such as QE - which involves pumping money into the economy to boost growth - should look at loosening the purse-strings.
In the summer of 2008, the Monetary Policy Committee (MPC) was still debating whether to raise interest rates to confront inflation.
The Bank of England's Monetary Policy Committee (MPC) kept interest rates at the record-low level of 0.5% at its meeting in June.
The IMF makes a pretty strong signal to the Monetary Policy Committee (MPC) not to raise interest rates unless there's a take-off of inflation expectations.
Mr King will now chair the interest rate setting Monetary Policy Committee (MPC), the new Prudential Regulation Authority (PRA) to monitor individual banks, and the new Financial Policy Committee (FPC).
The Monetary Policy Committee (MPC) minutes released this morning revealed again that outgoing BoE Governor Sir Mervyn King and two other officials were defeated in their push for more stimulus for the second month in a row (6-3).
High levels of consumer spending and the over-heated property market, stoked by historically low interest rates, have prompted the Bank of England's Monetary Policy Committee (MPC) to raise the base rate five times in less than a year.
But in last year's report, the OECD's economists also had some free advice for the Bank of England: with the recovery under way, they said the Monetary Policy Committee (MPC) should be getting a move on with rate rises.
Ms Barker has been appointed by Chancellor Gordon Brown to take over from DeAnne Julius as one of the four outside experts on the Bank's Monetary Policy Committee (MPC) when Ms Julius's membership term expires at the end of May.
The monetary-policy committee (MPC) ought then to cut interest rates.
In August the bank's monetary-policy committee (MPC) forecast that consumer-price inflation would fall back to its official 2% target, but only after a period of economic weakness had drawn its sting.
Faster growth in the first quarter of this year led the bank's Monetary Policy Committee to revise its forecasts slightly higher for the next three years, although the MPC said the recovery remains "weak and uneven".
The pound did drop to a session low near 1.5545 after Bank of England (BOE) Governor Mervyn King told the Treasury Select Committee that it was right for the MPC to remain willing to use loose monetary policy in an effort to stimulate the economy.
应用推荐