Monetary Policy

Central banks must act swiftly to control inflation

Julian Jessop comments for the Mail

Julian Jessop, IEA Economics Fellow, has commented in the Daily Mail on the action that central banks must take to keep inflation low.

With inflation in the UK having reached 5.1%, the Bank of England is due to announce whether it will raise interest rates in an attempt to lower inflation.

Regarding officials at the Bank of England, Julian claims that their “credibility is on the line if they fail to act now to keep inflation expectations in check”.

Read the full article here.