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22 December 2010
Last updated at 06:02 ET
The Bank of England's Monetary Policy Committee (MPC) has split three ways again over interest rates and quantitative easing (QE).
Minutes of the MPC's December meeting showed that one of its nine members again wanted QE to be expanded, while another continued his call for interest rates to rise to 0.75% from 0.5%.
However, eight MPC members voted for both rates and QE to stay unchanged.
The Bank's key interest rate has been kept at 0.5% since March 2009.
In each of the last three monthly MPC meetings, Andrew Sentance has called for rates to rise in order to cool inflation, while his colleague Adam Posen has voted for QE to be expanded.
The most recent figures showed that UK inflation - as measured by the consumer prices index (CPI) - rose to 3.3% in November from 3.2% in October, led by food, clothing and furniture price rises.
The CPI inflation rate has now remained above the government's 2% target by one percentage point or more for 12 months.
QE is the Bank's policy of putting new money into the financial system to try to stimulate the economy.
Mr Posen wants an extra £50bn to be added to QE programme.
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Minutes of the MPC's December meeting showed that one of its nine members again wanted QE to be expanded, while another continued his call for interest rates to rise to 0.75% from 0.5%.
However, eight MPC members voted for both rates and QE to stay unchanged.
The Bank's key interest rate has been kept at 0.5% since March 2009.
In each of the last three monthly MPC meetings, Andrew Sentance has called for rates to rise in order to cool inflation, while his colleague Adam Posen has voted for QE to be expanded.
The most recent figures showed that UK inflation - as measured by the consumer prices index (CPI) - rose to 3.3% in November from 3.2% in October, led by food, clothing and furniture price rises.
The CPI inflation rate has now remained above the government's 2% target by one percentage point or more for 12 months.
QE is the Bank's policy of putting new money into the financial system to try to stimulate the economy.
Mr Posen wants an extra £50bn to be added to QE programme.
Powered by WizardRSS | Work At Home Jobs