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Why the Bank of England is now more upbeat than the IMF 
Why central banks are too powerful and have created our inflation crisis 
If the RBA’s right, interest rates may not fall for another year. Here’s why. 
Inflation: raising interest rates was never the right medicine 
What central banks are doing to safeguard financial stability and why they must proceed with caution 
The Federal Reserve held off hiking interest rates 
As expected the MPC members again voted 8-1 for keeping the rates unchanged and unanimously to maintain the stock of purchased assets at the 9 December MPC meeting. This was the fifth time in row that the MPC member Ian McCafferty preferred an increase in the bank rate by 25 basis points.
The December MPC minutes stated that overall there has been little news since the November Inflation Report. The only more material news on the month had been in costs. The Committee noted that the price of oil had fallen markedly again, increasing the likelihood that headline inflation rates would remain subdued, and nominal wage growth has levelled off".
Furthermore, the minutes again stated that "There was no mechanical link between UK policy and those of other central banks, and the UK policy stance would be determined ultimately by the inflation outlook".
"We keep our forecast that the BoE will start hiking rates in Q2 next year", says Nordea Bank.
