Forum Message

Topic: Re:Re:Re:Re:Re:Warning from the Bank of England
Posted by: Cllr Sam Hearn
Date/Time: 16/07/15 13:34:00

Nick - It is not exactly the Bank of England of England that sets interest rates. It is the Bank of England Monetary Policy Committee which includes 4 independent external members (in addition to five from The Bank).

See below a cut and paste from the BofE website.

"Each member of the MPC has expertise in the field of economics and monetary policy. Members do not represent individual groups or areas. They are independent. Each member of the Committee has a vote to set interest rates at the level they believe is consistent with meeting the inflation target.

The MPC's decision is made on the basis of one-person, one vote. It is not based on a consensus of opinion. It reflects the votes of each individual member of the Committee."

The minutes of the MPC meetings are published two weeks after the meetings. Is here anything in these minutes that suggests that members of the MPC takes account of election timings or is this just a "hunch" on your part?


Entire Thread
TopicDate PostedPosted By
Warning from the Bank of England15/07/15 16:42:00 Andy Pease
   Re:Warning from the Bank of England15/07/15 16:56:00 Dan Murphy
   Re:Warning from the Bank of England15/07/15 17:15:00 Loraine Pemberton
      Re:Re:Warning from the Bank of England15/07/15 17:30:00 Nick Barton
         Re:Re:Re:Warning from the Bank of England15/07/15 17:36:00 Alison Neary
         Re:Re:Re:Warning from the Bank of England15/07/15 17:48:00 Adrian Irving
            Re:Re:Re:Re:Warning from the Bank of England15/07/15 18:03:00 Nick Barton
               Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 18:09:00 Claire Moran
                  Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 18:24:00 Adrian Irving
                     Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 20:46:00 Claire Moran
                        Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 21:14:00 Carl Wynne
                        Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England16/07/15 09:55:00 Adrian Irving
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England16/07/15 12:49:00 Claire Moran
               Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 18:13:00 Alison Neary
                  Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 18:21:00 Nick Barton
                     Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 18:26:00 Adrian Irving
                        Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 18:38:00 Keith Iddon
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 19:16:00 Nick Barton
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England15/07/15 22:44:00 Keith Iddon
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England16/07/15 06:59:00 David Marles
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England16/07/15 07:22:00 Nick Barton
   Re:Warning from the Bank of England16/07/15 07:55:00 Gerry Tan
      Re:Re:Warning from the Bank of England16/07/15 11:02:00 Cllr Sam Hearn
         Re:Re:Re:Warning from the Bank of England16/07/15 12:04:00 Nick Barton
      Re:Re:Warning from the Bank of England16/07/15 11:39:00 Andy Pease
         Re:Re:Re:Warning from the Bank of England16/07/15 11:54:00 Adrian Irving
            Re:Re:Re:Re:Warning from the Bank of England16/07/15 12:01:00 Huw Burford-Taylor
               Re:Re:Re:Re:Re:Warning from the Bank of England16/07/15 13:34:00 Cllr Sam Hearn
         Re:Re:Re:Warning from the Bank of England18/07/15 22:53:00 Teja P Howell
            Re:Re:Re:Re:Warning from the Bank of England19/07/15 16:02:00 Joe Conneely
               Re:Re:Re:Re:Re:Warning from the Bank of England21/07/15 14:35:00 Cllr Sam Hearn
                  Re:Re:Re:Re:Re:Re:Warning from the Bank of England21/07/15 15:03:00 Adrian Irving
                     Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England21/07/15 15:46:00 Michael Robinson
                        Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England22/07/15 05:10:00 Joe Conneely
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England22/07/15 07:56:00 Colin Jordan
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England22/07/15 09:10:00 Andy Pease
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England22/07/15 09:23:00 Joe Conneely
                  Re:Re:Re:Re:Re:Re:Warning from the Bank of England22/07/15 16:13:00 T P Howell
                     Re:Re:Re:Re:Re:Re:Re:Warning from the Bank of England26/07/15 14:58:00 Joe Conneely

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