Russ Mould of A J Bell looks at the Bank of England's Monetary Policy Committee decision to raise interest rates to 1% with a statement dampening some expectations for future sharp rises. He asks if the MPC (and the Fed) have painted themselves into a corner and wonders whether more debt should have been the answer to a debt crisis. Indeed, can 9 people in a room, however smart and well-intentioned, really set the price of money? As always, he offers advice for investors about what lies ahead.
