The IEA’s Shadow Monetary Policy Committee has been referenced in Mortgage Strategy after recommending that the Bank of England cut interest rates to ward off the prospect of economic stagnation or even deflation.

The article said:

“There is a prevailing view among many, echoed by the free-market thinktank the Institute of Economic Affairs, that interest rates should be cut immediately, warning of the dangers of deflation, stagnation or recession if the economy isn’t boosted. I very much favour this”

Read the full piece here.

Read more about the SMPC’s latest recommendation here.