Monetary Policy

Interest Rate Cut Edges Closer

Julian Jessop quoted in The Express

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