‘BoE needs to cut interest rates’: Reactions to the latest UK inflation figures
'The pace with which the Bank of England whacked up interest rates is still hurting people’s finances'
'The pace with which the Bank of England whacked up interest rates is still hurting people’s finances'
PFI contracts need to be thoroughly investigated, so we can return some of the money to schools and hospitals
The case for keeping interest rates at their current level is compelling.
In the absence of fiscal stimulus, that is an injection of government spending, and with interest rates at rock bottom, the alternative to quantitative easing is mass unemployment. We have no choice.
Consumer price inflation rose more than expected in April, reaching 4.5% - up from 4.0% in March - according to figures released earlier today by the ONS.
Fortunately, for now a majority on the MPC appear not to be too worried about a permanent increase in inflation expectations, writes ippr's Tony Dolphin.