Monetary Policy

Bank of England ‘Too Slow to Cut Rates’


In the Media

Christopher Snowdon writes for Conservative Home


Julian Jessop quoted in The Times

IEA Economics Fellow Julian Jessop has been quoted in The Times responding to the Bank of England’s decision to hold interest rates at 5.25%. He did, however, note that the Bank is warming to cutting rates, possibly as soon as this summer.

Julian said:

The Bank has been too slow to cut rates. The big picture is still that monetary policy is too tight. Nonetheless, the shift in tone today is important.”

Read the full article in The Times (22/03/2024, p.34).

Julian was also quoted in The Daily Telegraph, Yahoo!, The Daily Mail (Print), This Is Money, MSN, AOL, Mahalsa, The Guardian, Commercial Trust, and WIREDGOV.

Read Julian’s full comment here.