GDP data strengthen case for further interest rate rises

Monetary Policy

GDP data strengthen case for further interest rate rises

20 July 2022

In the Media | Monetary Policy

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Julian Jessop quoted in The Telegraph

IEA Economics Fellow Julian Jessop has been quoted in The Telegraph calling for tighter monetary policy in response to rising living costs.

Commenting on the growth numbers, Julian said they “strengthen the case for the Bank of England to step up the pace of monetary tightening at its August meeting”.

“A half point increase in interest rates is now the bare minimum required to restore some credibility”.

Read the full article here.

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