The BoE’s current trajectory risks stagflation


In the Media

Julian Jessop comments for City AM

In the Media

Annabel Denham writes for The Telegraph

Julian Jessop comments for

Julian Jessop, IEA Economics Fellow, has commented for on the Bank of England’s decision to raise interest rates by 1% in an effort to contain rising inflation.

“The Bank of England has done the bare minimum today – and it is not enough.”

“Macroeconomic policy is now in an even bigger mess. Fiscal policy is too tight and monetary policy is too loose, increasing the risks of stagflation.”

“Despite new forecasts that UK inflation will rise to above 10 per cent later this year, the Monetary Policy Committee (MPC) has raised interest rates by just a quarter of a point, to 1 per cent.”

Read the full article here.

Leave a Reply

Your email address will not be published. Required fields are marked *