SUNDAY Businesss real-world monetary policy committee is recommending unanimously that the Bank of England leaves interest rates unchanged at 6% for the fourth month running when its rate-setting MPC ends its next meeting at noon on Wednesday, a day earlier than usual.
The newspapers committee, which shadows the Banks, consists of leading economists from outside as well as inside London, and from industry and commerce as well as academia. It was set up in response to criticism that the MPC is too London-centric and has too little input from the business community.