David Tinsley
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'Good central banking should be boring'

The Bank of England's Monetary Policy Committee (MPC) has again left interest rates at 0.5%.

The MPC also said it would make no change to the £375bn of monetary stimulus it is providing through its quantitative easing programme (QE).

In contrast to last month, the first under the new Bank governor Mark Carney, the MPC made no further comment on policy after the interest rate announcement,

David Tinsley from BNP Paribas said the MPC had achieved good, "boring" central banking - but that next week would be more interesting with Mark Carney's first views of the UK economy.

"The Bank's job now is to not pull away too quickly from supporting the recovery", he told BBC Business Correspondent Ben Thompson.

  • 01 Aug 2013
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