MPC

The Monetary Policy Committee (MPC) was again divided six-three against a rate rise earlier this month, minutes from the April meeting reveal.

The pound's weakness threatens to bolster inflation above 5%, supporting the need for higher interest rates, says MPC hawk Andrew Sentance.

M&G's bond manager Jim Leaviss has clashed with Artemis' James Foster over whether the MPC should raise interest rates.

Artemis' fixed income star James Foster says the governor of the Bank of England needs to raise rates now to prevent inflation becoming embedded in the system.

The Bank of England today held interest rates at 0.5% as fears over a sluggish economic recovery outweighed inflation concerns.

Ecclesiastical's Robin Hepworth has warned Western equity markets could fall as much as 10% when central banks finally act to tackle inflation.

The Monetary Policy Committee (MPC) are split 6-3 against a rate rise for the second month, with opinion divided on how to tackle soaring inflation without snuffing out growth.

WHY UK HAS REAL RATE PROBLEM

The Monetary Policy Committee's forecasts for UK real growth are too optimistic, while concern mounts over its inaction in raising rates to stem rising inflation, says Threadneedle's Mark Burgess.

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