Lack of mavericks 'poses threat' to MPC committee

UK - The Bank of England risks making mistakes in its interest rate decisions because of a lack of maverick thinkers and a growing tendency towards consensus on its monetary policy committee, according to Capital Economics, a consultancy.

As the MPC meets to consider its latest rate decision, to be revealed at noon, an analysis of past votes by Jonathan Loynes, of Capital Economics, has shown that the level of disagreement on the committee has been lower this year than at any time since its fi

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