Bank of England strikes the right balance
Harrison Griffiths writes in CapX
Matthew Lesh writes in City AM
Julian Jessop quoted in BBC News
The article said:
“Julian Jessop, economics fellow at the free market think tank, the Institute of Economic Affairs, says the decision has been a ‘welcome surprise’ and ‘the Bank has got this one about right’.
“Arguably it should have paused several months ago to assess the impact of the tight squeeze that it is already in place. But it does look like interest rates have now peaked at a much lower level than many had feared,”
Read the full article here.
Julian also warned the Bank of England against cutting rates in PoliticsHome, commenting that ‘The reason we’re in this mess in the first place is that interest rates were far too low for too long’.