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Adam Posen

Adam Posen is an external member of the Bank of England's interest rate setting Monetary Policy Committee

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Adam Posen: Why I changed my vote, Chunomics

Adam Posen: Why I changed my vote

So allow me to explain my vote for no change to policy at the April Monetary Policy Committee meeting. This seems to have surprised people, but it really should not have. I have been saying publicly since the February meeting that there is very little distance between the Committee’s modal forecast and my own forecast – in contrast to last summer before we undertook additional asset purchases.

By | Chunomics, Eagle Eye | Thursday, 19 April 2012 at 3:30 pm

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