Monetary Policy

Hopes for interest rate cut still alive


In the Media

Matthew Lesh writes for CapX

Julian Jessop quoted in The Telegraph

IEA Economics Fellow Julian Jessop has been quoted in The Daily Telegraph responding to data showing a lower-than-expected four per cent rate of inflation in January.

Julian said:

“The headline rate remains on track to fall to the 2pc target in April, when the Ofgem cap on energy bills will be lowered sharply, and it may well drop further later in the year. Recession and deflation could soon be the bigger threats.

“Interest rates are probably on hold until May, but when the Bank of England does move it is likely to move quickly, with rates ending the year at around 4pc.”

Read the full piece here.

Julian’s reaction to January’s inflation data has also been referenced in The Guardian and The Daily Express.

Read Julian’s full comment here.