The IEA Shadow Monetary Policy Committee’s recommendation that the Bank of England should not have raised interest rates has been referenced in The Independent.

The article said:

“The Institute of Economic Affairs’ Shadow Monetary Policy Committee believe that the Bank is overfocusing on current inflation and not enough on the sharp reduction in the money supply – which will bring inflation under control within the next two years, as shown by the Bank’s official forecasts.”

Read the full article here.