Further interest rate increases made “increasingly hard” by shallow recession
6 February 2023
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Julian Jessop quoted in The Express
IEA Economics Fellow Julian Jessop has been quoted in The Daily Express discussing how changes in economic circumstances may influence future Bank of England interest rate decisions.
Julian said:
“The economy has already slowed sharply. Global commodity prices are now falling, including food and energy…And expectations for inflation have cooled.
“My vote at least would be to pause interest rates at the new level of four per cent and to keep them there for the foreseeable future.”
The full article can be read on page eight of The Express (04/02/2022).
Julian said:
“The economy has already slowed sharply. Global commodity prices are now falling, including food and energy…And expectations for inflation have cooled.
“My vote at least would be to pause interest rates at the new level of four per cent and to keep them there for the foreseeable future.”
The full article can be read on page eight of The Express (04/02/2022).
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