London Evening Standard: There’s a method in Mervyn’s motives

The publication of the minutes of the monthly meeting of the Bank of England’s Monetary Policy Committee yesterday was the signal for the usual round of Mervyn bashing – the line up of distinguished and not so distinguished economists who then chastise the Bank’s Governor and the committee he chairs for refusing to raise interest rates in spite of the inflation in the economy … But there is an alternative view which was expressed powerfully this week by Bill Martin, whom old City hands may remember as the chief economist at UBS in the 1990s and who is now to be found at the Centre for Business Research in Cambridge.

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