One issue the MPC faces is what securities it should buy.

货币政策委员会面对的一个问题是，该买哪一种有价证券。

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In other words, uncertainty lowers the APC but raises the MPC.

换言之，不确定性降低了平均消费倾向，但提高了边际消费倾向。

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Two of the nine members of the MPC had already resolved the dilemma in November by voting for a rate cut.

九位金融政策委员会成员中的两位已经在十一月投票赞成减息来摆脱目前的困境。

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He said that the MPC had been right in its series of "pre-emptive" rate rises this autumn.

BBC: Bank split over rate decision

In a recent speech, David Miles, an external member of the MPC and academic economist, said no.

BBC: Quantitative easing for whom?

Astonishingly, the markets now seem to be betting that the MPC will not raise rates until next year.

BBC: Inflation: Balancing the risks