Shadow MPC votes to keep interest rates unchanged 3rd April 2006

SMPC voted by five votes to four not to reduce interest rates this month

The IEA’s Shadow Monetary Policy Committee, a group of leading monetary economists drawn from academia and the City, voted to keep interest rates on hold at its latest meeting. Four members of the committee voted to reduce interest rates and five voted to hold rates. Again the monetary data conflicted with evidence from the real economy, contributing to the split view on the committee.

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