• The BOE monthly report from the MPC to the Treasury Select Committee saw Messrs Bean, Tucker, McCafferty and Miles providing a united front with
• concerns over the impact of the Italian election
• the necessity to be seen maintaining ‘an unwavering commitment’ to monetary stimulus and to do more QE if needed
• encouragement towards european banking union
• necessity to play a full part in the EU (in line with Carney’s view)
• the need to be flexible in it’s tolerance to inflation levels
• sensitivity to the price of the currency due to stance on inflation
• aware of the need to see credit policy that will filter through to small business and to play a part in this
• need to be patient on growth
• G20 need to be careful on verbal intervention