BoE's Lomax questions MPC meetings

Bank of England deputy governor Rachel Lomax said in a speech in Oslo on Thursday 30 March that expectations for inflation have fallen and appear well anchored around the official target of 2.0 percent.

Lomax also pondered whether the central bank needed such frequent policy meetings and said the key test of monetary policy would be coping with future shocks.

"Inflation expectations have fallen and seem well anchored around the target," Lomax said.

"The acid test of monetary policy frameworks will

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