MPC

MACROECONOMIC FOCUS

The Bank of England's nine-member Monetary Policy Committee (MPC) was split three ways over the direction of monetary policy at their November meeting, according to minutes of the gathering.

Inflation is likely to remain high throughout 2011 but the Monetary Policy Committee (MPC) is more divided than usual over the reasons why, the Bank of England Governor says.

The Bank of England today rejected a fresh bout of quantitative easing and kept interest rates on hold for the 20th consecutive month.

The FTSE 100 opened positively in a week set to be dominated by a slew of US economic and political news.

The US federal reserve could pump up to $1trn of extra QE into the economy to battle unemployment and encourage growth.

Dr Andrew Sentance remains the lone member of the Bank of England Monetary Policy Committee to argue for an increase in interest rates.

ON UK GROWTH

Andrew Sentance voted against the rest of the Monetary Policy Committee (MPC) for a rise in interest rates for the third consecutive month, minutes from the August meeting show.

Former member of the Monetary Policy Committee (MPC) David Blanchflower says the UK will need "a lot more" quantitative easing (QE) to avoid a double dip recession.