BIS call for UK rate hike ‘nonsense’, says Bank’s Posen

adam-posen

Adam Posen, an external member of the Bank of England's Monetary Policy Committee (MPC), on Monday defended the Bank's accommodative monetary policy stance, describing the Bank for International Settlement's (BIS) call for the UK to begin raising rates as "nonsense".

In its Annual Report published on Sunday, the BIS questioned the lack of policy change in the UK, given that CPI inflation had exceeded the Bank of England's 2% target since December 2009. "As yet, there has been no move by the MPC,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: