Outgoing MPC member criticises B of E rates record

UK - The Bank of England would have delivered a significantly more impressive performance on both growth and inflation if interest rates had been kept lower over the past few years, according to research carried out by Sushil Wadhwani, a soon to depart member of the Bank's monetary policy committee using the Bank's own model.

The research by Sushil Wadhwani, the committee's archdove, adds to the evidence amassed by critics of the Bank to attack its alleged deflationary bias.

Mr Wadhwani said th