Interest Rate Cut is Unlikely For Now
6 May 2024
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Economics
In the Media
Housing and Planning
Julian Jessop quoted in The i
IEA Economics Fellow Julian Jessop has been quoted in The i arguing that a cut to interest rates in unlikely at the Bank of England Monetary Policy Committee’s next meeting on Thursday 9th May.
The article said:
“Julian Jessop, economics fellow at the Institute for Economic Affairs, said that despite signs that inflation could fall to 2 per cent soon, ‘the majority of MPC members are likely to want to wait for more evidence that underlying price pressures are cooling too, notably pay rises and services inflation’.”
Read the full article here.
You can also read Julian’s response to the Bank’s last meeting and the IEA Shadow Monetary Policy Committee’s latest recommendation to cut interest rates to avoid economic stagnation.
The article said:
“Julian Jessop, economics fellow at the Institute for Economic Affairs, said that despite signs that inflation could fall to 2 per cent soon, ‘the majority of MPC members are likely to want to wait for more evidence that underlying price pressures are cooling too, notably pay rises and services inflation’.”
Read the full article here.
You can also read Julian’s response to the Bank’s last meeting and the IEA Shadow Monetary Policy Committee’s latest recommendation to cut interest rates to avoid economic stagnation.
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