As the UK emerges from recession, it was no surprise that the Monetary Policy Committee (MPC) again sat on its hands at the first meeting of 2010. The Bank of England's interest rate seems likely to stay at 0.5% for several months and any changes to the programme of quantitative easing...
The old arguments about “we can sack one person not a whole board or committee” not only aren’t right generally (look at council, hospital boards, boards of trustees who’ve been replaced) but aren’t right in the specific context of monetary policy, and not only because in the face ...