However, there are hints that the tolerance of a number
of monetary policy committee (MPC) members to higher inflation is close to their limit,» Shilen Shah, bond strategist at Investec Wealth & Investment, said in a note.
«This, in part, is why the Federal Reserve
monetary policy committee on March 20th lowered the upper end of its inflation forecast for 2013.
In 1997 the Labour party handed over responsibility for setting interests rates and managing large parts of the economy to the Bank of England's
independent monetary policy committee (MPC).
Unfortunate, then, that within hours of the «austerity budget», the Bank of England's
monetary policy committee reveals it's first single vote in favour of an interest rate rise for nearly two years.
He fleshed out the central bank's plans a week later when he relaxed capital requirements for banks and all but promised to cut rates to 0.25 %, from 0.5 % now, at the Bank's
next monetary policy committee meeting.
The Federal Reserve's
monetary policy committee did not increase short - term interest rates at the conclusion of its October meeting, but most analysts expect an increase in the coming months.
The central bank kept its inflation forecast for this year at 2.7 percent but said that some of
its monetary policy committee members «moved a little closer» to their limits for tolerating an overshoot in the bank's inflation target.
The relationship between China and the U.S. has always been tense when it comes to trade and this is unlikely to change, a member of
the monetary policy committee at the People's Bank of China told CNBC Friday.
«There is a risk building up in this regard, and on top of that, the tricky issue is that there are many triggers that could wake up this sleeping lion,» said David Daokui Li, a prominent Tsinghua University economist who is a member of the Chinese central bank's
monetary policy committee.
Mark Carney, the new Governor of the Bank of England, attends
a monetary policy committee (MPC) briefing on his first day on the job inside the central bank's headquarters in London Monday July 1, 2013.
Zhang Xiaohui, an assistant governor at the central bank who became a member of
its monetary policy committee in June, added that there was «no basis for the continued depreciation of the renminbi.»
The Central Bank of Nigeria (CBN)
monetary policy committee (MPC) on Tuesday described as imminent the recession of the Nigerian economy, maintaining status quo on the monetary policy rates.
Charles Goodhart, London School of Economics professor and former member of the Bank of England's
monetary policy committee, tells MPs to make contingency plans in case of a second downturn linked to the eurozone crisis.
And declining homeownership might not be such a bad thing, as David Miles of
the monetary policy committee has pointed out.
«I know that they'll [the Bank] be very worried and concerned and focused on what's happening to London house prices and wider house prices, but I hope that
the monetary policy committee will look across the piece, rather than at one indicator, before they decide to move on interest rates.»
David Blanchflower, who is a former member of the Bank of England's
monetary policy committee and a critic of the Chancellor, has labelled George Osborne a «failure» over Britain's credit downgrade:
Instead the Bank's
monetary policy committee (MPC) voted to hold interest rates at 5.5 per cent, despite many pundits predicting a fall.
The cut from
the monetary policy committee (MPC) comes as the UK economy looks set to slow in 2008 - as the credit crunch, with borrowers tightening their lending, and high debt levels combine.
They include several former members of the Bank of England's
monetary policy committee; a former deputy governor of the Bank and head of the Financial Services Authority; a former chief economist of the IMF and a Labour peer.»