Monetary Policy

No grounds for further rate hikes as inflation falls


In the Media

Len Shackleton quoted by Business Leader

In the Media

Len Shackleton quoted by ExecReview

Len Shackleton quoted by The Scotsman

IEA Editorial and Research Fellow Len Shackleton has been quoted by The Scotsman in their article explaining how the MPC shouldn’t be too aggressive with rate rises as inflation falls.

The Scotsman wrote:

“Professor Len Shackleton, editorial and research fellow at think-tank the Institute of Economic Affairs, said there were ‘no grounds’ for further interest rate hikes despite continued inflationary pressures.

“Since these figures were tallied, Russia has ended a deal to allow grain exports from Ukraine, which will likely push up global and UK food prices. Mortgage rates have also gone up,’ he noted.

You can read the full article here.