The BoE’s current trajectory risks stagflation
6 May 2022
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In the Media
In the Media
Annabel Denham writes for The Telegraph
9 May 2022
Government and Institutions
Julian Jessop comments for Politics.co.uk
Julian Jessop, IEA Economics Fellow, has commented for Politics.co.uk on the Bank of England’s decision to raise interest rates by 1% in an effort to contain rising inflation.
“The Bank of England has done the bare minimum today – and it is not enough.”
“Macroeconomic policy is now in an even bigger mess. Fiscal policy is too tight and monetary policy is too loose, increasing the risks of stagflation.”
“Despite new forecasts that UK inflation will rise to above 10 per cent later this year, the Monetary Policy Committee (MPC) has raised interest rates by just a quarter of a point, to 1 per cent.”
Read the full article here.
“The Bank of England has done the bare minimum today – and it is not enough.”
“Macroeconomic policy is now in an even bigger mess. Fiscal policy is too tight and monetary policy is too loose, increasing the risks of stagflation.”
“Despite new forecasts that UK inflation will rise to above 10 per cent later this year, the Monetary Policy Committee (MPC) has raised interest rates by just a quarter of a point, to 1 per cent.”
Read the full article here.
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