Why Bank of England policymakers don't want to raise interest rates New data from the economy has once again fuelled the debate on monetary policy. Debt, not inflation, is currently the primary driver of monetary policy Photo: PA By Damian Reece, Head of Business 6:15AM BST 04 May 2011 Comments A manufacturing sector struggling to keep its growth momentum going and a high street falling back into recession have given doves on the Monetary Policy (full story)