Thursday, February 17, 2011
Sentance: Selling England by the pound
Posted by David Smith at 12:00 PM
Category: Thoughts and responses

Andrew Sentance is one member of the monetary policy committee who has not been deflected from his belief that a rise in interest rates is needed. We will see this week whether there are others. In his latest speech he argues that the level of sterling is not independent of monetary policy, so not outside the Bank of England's influence and control. His speech is here.

Otherwise, the CBI reported strongly rising manufacturing output and prices.