The Bank of England will announce its latest interest rate decision later today. The monetary policy committee, including departing Deputy Governor Charlotte Hogg, is expected vote to keep rates just above zero.
Positive Money is putting monetary policy on the political agenda. This was in evidence at the political party conferences this year, where we brought together all-star panels in packed-out rooms to talk about the need for a new form of monetary policy.
Fran Boait, Executive Director of Positive Money, commented on the Bank of England's latest announcement that it will cut interest rates and restart its quantitative easing programme. She said,
The government needs to think about the monetary policy as a potential tool in the toolkit, if, because of the instability, we go into recession, says Fran Boait, director of Positive Money in the RT interview:
Fran Boait, Director of Positive Money, in an interview on the Islam Channel TV on the alternative policy to Chancellor George Osborne's tax rises and spending cuts: Public Money Creation.