UK rates "restrictive", says dovish Blanchflower

David Blanchflower, the only member of the Bank of England's nine-strong Monetary Policy Committee (MPC) to back a rate cut earlier this month, has said monetary easing is vital to avoid a recession.

Blanchflower - who has frequently held more dovish views than those of this MPC members - told The Guardian newspaper: "Worrying about inflation at this time seems like fiddling while Rome burns."

His comments contrast with those of the majority of committee members, who are concerned oil, food a

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