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Shadow MPC "hold rates"

The Institute of Economic Affairs’ Shadow MPC latest meeting produced a 6 to 3 vote in favour of holding rates (a strong indication that the real MPC at the bank of England will do the same).

There were a range of views on quantitative easing, but the emerging view seems to be to pause but be prepared to resume. This makes the merging political commitment to reducing national debt and a more austere approach look rather worrying

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