MPC minutes revealed that UK monetary authorities voted 9-0 to keep rates unchanged and 8-1 not to expand QE any further as concerns over inflation cast a decidedly hawkish tone to the meeting. Adam Posen, historically one of the more dovish members of the MPC, dropped his long standing call for more easing leaving Miles as the solitary voice for more QE.
You need to be a member of inter-market-analysis.com to add comments!
Comments