Monetary Policy

Everyone Pays the Price for Bank of England Failures

Julian Jessop quoted in The Herald

IEA Economics Fellow Julian Jessop’s response to the recent Bernanke Report on the Bank of England’s forecasting and communications has been referenced in The Herald.

The article said:

“But with headline inflation falling, critics have warned that the BoE is making another mistake by refusing to cut rates. In the wake of the Bernanke review, Julian Jessop of the Institute of Economic Affairs said the report had exposed ‘serious shortcomings’ at the Bank which ‘ultimately deepened the cost-of-living crisis’ that has driven workers to push for higher pay.”

Read the full article here.