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Monetary Policy Challenges Facing a New MPC Member - speech by David Walton
Speaking to a business audience at a lunch organised by the Bank of England’s Agency for the South West in Exeter, David Walton, the newest member of the Monetary Policy Committee said it has been a very interesting, and challenging, time to join the MPC. Mr Walton voted for a cut in interest rates at his first two meetings of the MPC in July and August.
Published on
16 September 2005
Mr Walton gives three reasons why he believes the MPC was right to cut interest rates from 4¾ per cent to 4½ per cent in August.
Press release