Thursday, 9 July 2009

The Pound in your pocket

The Bank of England's Monetary Policy Committee (MPC) today (Thursday 9th July) decided to keep interest rates at .05%. If you're in the dark about how they reach their decisions, and wonder if black magic and possibly chicken's entrails are involved, then you can find out all about them on the Bank of England website (where you'll also read all you ever wanted to know about quantitative easing...).
We get lots of publications by the Bank and about the Bank, including those from the House of Commons Treasury Committee on appointments to the MPC, such as the scrutiny of Spencer Dale's appointment.