Our Lower Sixth students recently formed a Shadow Monetary Policy Committee (MPC) for the Bank of England.

This week they met to discuss the latest interest rate decision, giving their outlook on the current macroeconomic climate for the UK economy and their latest forecast for the future.

On the back of currently uncertainty due to Brexit negotiations they voted unanimously to keep the base rate at its current level of 0.75%.

They did, however, make it clear that they are ready to make any necessary adjustment as the Brexit situation continues to unfold.

The committee will meet  throughout the year to discuss economic developments and issues.

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