There are still few signs that Andrew Sentance’s view that interest rates need to rise is gathering much support from the rest of the Monetary Policy Committee (MPC). In fact, the minutes of the last meeting contained the strongest steer for a while that policy might yet be loosened further. As it happens, the stronger tone of the latest data suggests that the MPC is likely to keep policy on hold at August’s meeting. But we still think that an extension of quantitative easing (QE) is likely further ahead.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services