The Bank of England should raise the bank rate to 1.75 per cent
Christopher Snowdon writes for CapX
IEA quoted in The Times
Referencing the IEA’s recommendations, the article reads:
“The think tank’s shadow monetary policy committee, a group of independent experts, has voted unanimously to raise the Bank rate.”
“There was also a majority view that the rate should be raised further in the coming months, but a significant minority felt there should be a pause before further rises.”
“The committee has met at least once a quarter at the Institute of Economic Affairs since July 1997, when it was it the first such group in the UK.”
Read the full article here.