Should MPC start focusing on growth or stick to inflation?

Today the MPC left interest rates untouched for another month in a widely expected move, while leaving quantitative easing on hold, but calls for the Bank to take a more pro-active approach to boost growth are getting louder.

The Bank of England's incoming governor, Mark Carney, has suggested central banks around the globe could shift their mandates to focus on growth as well as inflation, and today in the wake of the release, Capital Economics also suggested new measures be introduced. The think-tank's chief UK economist Vicky Redwood (pictured) says growth targeting "may be a way to get the economic recovery going again, something that inflation targeting has so far failed at." But should the Bank start meddling with growth as well as inflation, or should it stick to its knitting? Bank should expand m...