British political junkies will effortlessly reel off the names of all nine US Supreme Court justices, but their minds go mysteriously blank if you ask them to identify a single member of the Bank of England's nine-strong Monetary Policy Committee (MPC). And frankly, this newsletter has had enough of the Sir Dave Ramsden erasure.
The MPC has voted by a margin of 7-2 to keep interest rates steady at 5.25 per cent, a 16-year high. But in doing so, it has also stoked speculation that when it meets again in June, it will cut rates for the first time since early 2020, when Covid-19 was ripping through the population and a national lockdown had been imposed.
