Thursday, September 11, 2008
The public have no faith in the MPC sticking to, and achieveing, what they are mandated to do.
...The survey is closely watched by the Bank’s Monetary Policy Committee which sets interest rates. Bank Governor Mervyn King, who will answer questions on inflation on Thursday morning before the Treasury Select Committee, has said that it is necessary to set monetary policy that not only addresses inflationary pressures today but expectations of it in the future as well... If this is to be believed it can only mean strong interest rate hikes.