High risk of stagnation without interest rate cut
Kristian Niemietz writes for The Telegraph
Christopher Snowdon quoted in The Herald
Shadow Monetary Policy Committee referenced in Mortgage Strategy
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.