Falling inflation set to raise real interest rates
19 July 2023
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Economics
In the Media
Len Shackleton quoted by The Scotsman
19 July 2023
Economic Theory
25 June 2024
Len Shackleton quoted by Business Leader
IEA Editorial and Research Fellow Len Shackleton has been quoted by Business Leader in their piece exploring whether the latest drop in inflation is a good sign for the economy.
Business Leader quoted:
“If last month’s 8.7 percent annual increase in the CPI was unexpectedly high, this month’s 7.9 percent is a shade lower than expected. This is mirrored in other indicators such as CPIH and core CPI.
“Rishi Sunak’s pledge to halve inflation by the end of the year may still be optimistic, but at least there are no grounds for the Bank of England to raise interest rates further. Nor are there any grounds for panic measures to hold down prices artificially, such as Grant Shapps’ silly initiative to curb supermarket petrol prices.”
You can read the full article here.
Business Leader quoted:
“If last month’s 8.7 percent annual increase in the CPI was unexpectedly high, this month’s 7.9 percent is a shade lower than expected. This is mirrored in other indicators such as CPIH and core CPI.
“Rishi Sunak’s pledge to halve inflation by the end of the year may still be optimistic, but at least there are no grounds for the Bank of England to raise interest rates further. Nor are there any grounds for panic measures to hold down prices artificially, such as Grant Shapps’ silly initiative to curb supermarket petrol prices.”
You can read the full article here.
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