Keep rates low

Posted on 19 Jan 2011 by The Manufacturer

Roger Bootle, economic advisor to Deloitte, says the MPC should resist pressure to raise rates

Pressure is mounting on the MPC to raise interest rates in order to preserve its credibility in the face of above-target and rising inflation. However, I continue to think that the rise in inflation will be temporary and believe that interest rates need to stay low if the economy is to stand any chance of…

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