No grounds for further rate hikes as inflation falls
19 July 2023
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In the Media
Len Shackleton quoted by Business Leader
19 July 2023
In the Media
Housing and Planning
Len Shackleton quoted by The Scotsman
IEA Editorial and Research Fellow Len Shackleton has been quoted by The Scotsman in their article explaining how the MPC shouldn’t be too aggressive with rate rises as inflation falls.
The Scotsman wrote:
“Professor Len Shackleton, editorial and research fellow at think-tank the Institute of Economic Affairs, said there were ‘no grounds’ for further interest rate hikes despite continued inflationary pressures.
“Since these figures were tallied, Russia has ended a deal to allow grain exports from Ukraine, which will likely push up global and UK food prices. Mortgage rates have also gone up,’ he noted.
You can read the full article here.
The Scotsman wrote:
“Professor Len Shackleton, editorial and research fellow at think-tank the Institute of Economic Affairs, said there were ‘no grounds’ for further interest rate hikes despite continued inflationary pressures.
“Since these figures were tallied, Russia has ended a deal to allow grain exports from Ukraine, which will likely push up global and UK food prices. Mortgage rates have also gone up,’ he noted.
You can read the full article here.
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