Glenn Stevens

Claire Jones

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MPC minutes

The minutes of this month’s Monetary Policy Committee meeting, out on Wednesday, will reveal whether all of the nine-strong committee backed the decision to expand quantitative easing by £50bn.

Many think the decision will have split the committee. 

Claire Jones

Some central bankers have been as spooked as markets by the signs of late that global growth will disappoint.

Turkey’s central bank cut rates to an all-time low despite credit growth of 40 per cent, and the South African Reserve Bank’s Gill Marcus warned of more social unrest if world leaders failed to get a grip.

Officials in Australia are rather less concerned, however, that events elsewhere will hinder growth prospects at home.