If the MPC's Ian McCafferty were to indulge in the economics of walking about, he might observe that workers are in no position to provoke pay inflation So it was an apology of sorts, but with a sting in the tail: Bank of England policymakers don't like to say sorry. It was in this vein that Ian McCafferty - a former chief economist for the CBI, who joined the Bank's nine-strong monetary policy committee (MPC) in the autumn of 2012 - said he had twice made the mistake of calling for higher inter...
If the MPC's Ian McCafferty were to indulge in the economics of walking about, he might observe that workers are in no position to provoke pay inflation So it was an apology of sorts, but with a sting in the tail: Bank of England policymakers don't like to say sorry. It was in this vein that Ian McCafferty - a former chief economist for the CBI, who joined the Bank's nine-strong monetary policy committee (MPC) in the autumn of 2012 - said he had twice made the mistake of calling for higher inter...
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