New UK MPC member coy over policy stance

The Bank of England in London

The new external member of the Bank of England's Monetary Policy Committee (MPC), Ian McCafferty, was noncommittal about his policy intentions in a questionnaire released by the central bank today (September 11).

In advance of his Treasury Select Committee Appointment Hearing, McCafferty was probed on topics including quantitative easing (QE), the Funding for Lending scheme and UK inflation, and he remained equivocal towards each.

It was announced in July that McCafferty would replace outgoing

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: