Monetary Policy

Rising inflation will squeeze incomes


Julian Jessop quoted in The Telegraph

The Bank of England (BoE) has decided not to rein in it’s QE programme and has maintained the current interest rate level despite concerns over rising inflation. Commenting on the BoE’s Monetary Policy Committee decision, IEA Economics Fellow, Julian Jessop was quoted in The Telegraph saying: “A prolonged period of above-target inflation would add to the squeeze on real incomes and undermine the credibility of the Bank itself.

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