Monetary Policy

The Monetary Policy Committe needs greater diversity, says IEA economist


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Julian Jessop quoted in The Telegraph

Julian Jessop, Economics Fellow at the IEA, has been quoted in a Telegraph article on the close ties between Whitehall and the Bank of England. Following the Bank’s decision to hold interest rates, questions have been raised over whether the Monetary Policy Committee, the interest-rate decision makers, have too cosy a relationship with the Treasury.

Julian argued that there is not enough plurality in the MPC and that including more “mavericks” from non-financial fields such as industry and consultancy would shake up what is currently “a committee of like minds”.

Read the full article here.



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