Bank’s pledge to support growth could face internal resistance

bank-of-england

Westminster's desire for the Bank of England to support growth through loose monetary policy could be threatened by fears from members of the Monetary Policy Committee that inflation expectations could become unmoored.

David Cameron, the new UK prime minister, reiterated on Thursday that monetary policy would be expected to buoy economic growth in the near term. Cameron told reporters that he "want[ed] monetary policy to do the work," two days after George Osborne, his chancellor, unveiled tax i

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