The Institute of Economic Affairs’ Shadow Monetary Policy Committee (SMPC) voted unanimously, 9-0, to hold Bank Rate.

With money growth stable, there is no good reason to adjust anything. The Institute of Economic Affairs’ Shadow Monetary Policy … Continue reading “Hold interest rates, says IEA’s Shadow Monetary Policy Committee”

At its quarterly (hybrid) meeting on 13 January 2026, the Shadow Monetary Policy Committee (SMPC), hosted by the Institute of Economic Affairs … Continue reading “SMPC Votes to Cut UK Base Rate by 25bps”

The Shadow Monetary Policy Committee votes eight to one to raise Bank Rate in August On a vote of 8 … Continue reading “Shadow Monetary Policy Committee votes eight to one to raise Bank Rate in August”

Yesterday morning, in response to Mark Carney’s decision to issue forward guidance in relation to the Bank of England’s monetary … Continue reading “A record needs putting straight – Blanchflower on Radio 5”

The 1.5% interest rate cut came as a bit of a surprise to most people. However, we are in new … Continue reading “The Bank of England shouldn’t try to stave off recession”

In its latest monthly deliberations the IEA Shadow Monetary Policy Committee (SMPC) voted by seven votes to two to reduce … Continue reading “Time for a change of direction in monetary policy”