Bank of England still fearful of inflation comeback
18 August 2023
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In the Media
Economics
Economic Theory
Julian Jessop quoted by iNews
IEA Economics Fellow Julian Jessop has been quoted in an ExchangeRates.org article exploring why the Bank of England will maintain its hostile attitude towards inflation.
ExchangeRates.org quoted:
“There are still plenty of reasons to expect inflation to tumble over the rest of the year.
“Unfortunately, the Bank of England continues to look backwards rather than pause to assess the impact of the substantial tightening in policy that is already in place. This makes another unnecessary interest rate increase more likely.”
You can read the full article here.
ExchangeRates.org quoted:
“There are still plenty of reasons to expect inflation to tumble over the rest of the year.
“Unfortunately, the Bank of England continues to look backwards rather than pause to assess the impact of the substantial tightening in policy that is already in place. This makes another unnecessary interest rate increase more likely.”
You can read the full article here.
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