MPC

ALL RATE HIKE BETS ARE OFF

The Bank of England's Monetary Policy Committee (MPC) remains split on interest rates despite UK inflation remaining at a two-and-a-half-year high, as fears of a eurozone shock persist.

Andrew Sentance, who yesterday stepped down as a member of the Bank of England (BoE) Monetary Policy Committee (MPC), has condemned the Bank's refusal to raise interest rates.

Andrew Sentance has warned against any further delay in raising rates in his last speech as a member of the Bank of England's Monetary Policy Committee.

Dale Spencer, chief economist at the Bank of England, said interest rates in the UK should rise even though the economic recovery has failed to take hold, according to the Financial Times.

After admitting the MPC has lost control of inflation, Alan Wilde, head of fixed income and currency at Barings, asks if the Bank of England governor is losing his credibility.

The Bank of England's Monetary Policy Committee (MPC) has remained split three ways on interest rates, minutes of its latest meeting show.

Artemis' James Foster has taken off a 12% short position in UK gilts and US treasuries in the past few weeks, in the view the MPC will not hike rates until August.

The Bank of England will not hike interest rates until 2013 as the economic recovery remains "pretty weak," former treasury adviser Roger Bootle has said, a day after Bank governor Mervyn King dismissed an early rise due to the "sheer volume of debt in...

A number of economists predict the Monetary Policy Committee will raise interest rates in August this year, to curb rising inflation.