IEA Economics Fellow Julian Jessop has been quoted in The Daily Express responding to the Bank of England’s decision to hold interest rates at 5.25%.

Julian said:

“Even the Bank’s own forecasts now show there is no need to keep rates this high to get inflation back to 2%.

“There are some clear signals that cuts are coming and not a moment too soon.

“The longer the Bank waits, the greater the risks of a prolonged recession, or a lurch into harmful deflation.”

Read the full article here.

Julian was also quoted in The Daily Telegraph, Guido Fawkes, Yahoo! Finance, MSN, and The Yorkshire Times