Property and Share Price Booms are Caused by Loose Monetary Policy

4 September 2005
Monetary Policy

Property and Share Price Booms are Caused by Loose Monetary Policy

4 September 2005

Bank of England should be cautious reducing interest rates when the money supply is expanding rapidly

In a groundbreaking study for the Institute of Economic Affairs, leading economist Tim Congdon argues that movements in the general … Continue reading “Property and Share Price Booms are Caused by Loose Monetary Policy”

SMPC Votes to Hold Interest Rates

1 November 2004
Monetary Policy

SMPC Votes to Hold Interest Rates

1 November 2004

The IEA's Shadow Monetary Policy Committee (a group of leading economists that meets to monitor monetary policy and comment on other monetary matters) voted narrowly by five votes to four to hold interest rates at its October meeting.

One of the four members who did not want rates to increase would have preferred a 0.25% cut. A majority … Continue reading “SMPC Votes to Hold Interest Rates”

SMPC Votes to Raise Interest Rates

26 July 2004
Monetary Policy

SMPC Votes to Raise Interest Rates

26 July 2004

Increase interest rates!' voted the IEA's Shadow Monetary Policy Committee (a group of leading economists that meets to monitor monetary policy and comment on other monetary matters) at its July meeting.

The SMPC voted overwhelmingly to increase base rates by 0.25% expressing a view that the tightening of monetary policy by … Continue reading “SMPC Votes to Raise Interest Rates”

SMPC Votes to Raise Interest Rates

30 April 2004
Monetary Policy

SMPC Votes to Raise Interest Rates

30 April 2004

For Immediate Release. The IEA's Shadow Monetary Policy Committee (a group of leading economists that meets to monitor monetary policy and comment on other monetary matters) voted to increase interest rates at its April meeting.

A number of members believed that a 0.5% immediate increase was warranted because of the strength of the housing market … Continue reading “SMPC Votes to Raise Interest Rates”

Base Rates Should Rise During The Next Quarter

30 January 2004
Monetary Policy

Base Rates Should Rise During The Next Quarter

30 January 2004

Keep interest rates unchanged for the moment but increase them within the next three months was the conclusion of the iea's Shadow Monetary Policy Committee (SMPC), the long standing group of distinguished economists, at its January meeting.

The SMPC judged that world economic growth was likely to be strong in 2004 and there were inflationary risks ahead. … Continue reading “Base Rates Should Rise During The Next Quarter”