BoE's King on the MPC ten years on

In the speech 'The MPC ten years on' given on 2 May Mervyn King of the Bank of England said since its inception the MPC has kept inflation expectations well anchored and is determined to keep doing so.

"The crucial achievement of the MPC is to have anchored inflation expectations. But as the saying goes, we are only as good our last meeting," he said.

"We could, for example, provide more guidance on the sort of data that might influence the Committee's thinking on whether second-round effects from

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