Cut interest rates, City AM Shadow MPC tells Bank of England

Cut interest rates, City AM Shadow MPC tells Bank of England

The Bank of England should cut interest rates by 25 basis points when it meets tomorrow, City AM’s Shadow Monetary Policy Committee has said in a three-way split decision.  In the face of the dual problems of high inflation and a continued jobs market decline, the majority of experts on City AM’s nine-strong Shadow MPC have said looser monetary policy would help the UK achieve a safe landing at the UK’s target 2 per cent rate.  Economists, who v…