Shadow MPC Votes to keep interest rates unchanged 5th June 2006

SMPC Votes seven to two not to raise interest rates

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. Two members of the committee voted to raise interest rates and seven voted to hold rates. Looking forward, four members expressed a "bias to rise" in the medium term. One member expressed a "bias to cut".

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