Former BOE Member Sentance Says MPC 'Incredibly Timid'

The transcript discusses the cautious approach of the Monetary Policy Committee (MPC) towards raising interest rates, despite opportunities to do so. It highlights the need for the MPC to take cues from the Federal Reserve's gradual interest rate hikes. The speaker reflects on past decisions to cut rates during an emergency and critiques the current low rates amidst changing economic data. The analysis includes a review of hard data, such as IP numbers and consumer data, indicating a less favorable economic outlook. The conclusion suggests that central bankers have become overly cautious since the financial crisis.

What factors might influence Kristen Forbes' decision regarding her vote?

What concerns were raised about the MPC's approach to interest rates?

What is the significance of the data being described as 'hard data' versus 'soft data'?

How has the consumer data been described in the context of the current economic situation?

What was mentioned about the opportunities for raising interest rates between 2013 and 2016?