Wednesday 8th February 2012 10.31am
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John Duns
Divisional Director - Business Development & Marketing
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Post your Events CBI Reaction To Bank Of England's MPC Decision
The CBI responded to the announcement from the Bank of England's Monetary Policy Committee (MPC).
Lai Wah Co, CBI Head of Economic Analysis, said:
"There has been no change to monetary policy, as widely anticipated. The views within the MPC have become more divergent in recent months, with arguments in favour of both further easing and tightening of policy, reflecting concerns about the strength of the recovery and worries about inflation.
“After the strong gain in economic activity between March and June, growth is expected to be slower in the second half of this year, but the recovery continues to be supported by the current, exceptionally loose monetary policy. A move towards a gradual withdrawal of the monetary stimulus may be warranted in the coming months.”
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