BoE's Weale explains rate-raise vote change

martin-weale

Martin Weale, an external member of the Monetary Policy Committee (MPC) at the Bank of England, on Thursday explained why he dropped his long-term campaign to raise rates in the latest MPC vote.

The MPC's August Inflation Report showed that if interest rates were to follow the market profile, the committee expected inflation to be marginally below target in the medium term. "That suggested there was no need either to tighten or to loosen monetary policy," said Weale at the Doncaster Chamber of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.