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PwC: MPC decision commentary concerning the current interest rate
January 11, 2013
By Rob Starr, Content Manager, Big4.com
Andrew Sentance, senior economic adviser, PwC, commented recently on the Bank of England’s Monetary Policy Committee (MPC) interest rate decision yesterday.
“As expected, there was no change from the MPC today, extending the longest period of unchanged interest rates since just after the Second World War. It now seems likely that policy will remain on hold until the summer, when the new Governor, Mark Carney, takes over at the Bank,” he said adding that if the UK and the global economy pick up this year , there should be a renewed debate on how to manage the exit from the emergency monetary policy settings put in place following the financial crisis.