Shadow MPC Votes to Hold Interest Rates - 5th September

SMPC votes six to three in favour of holding interest rates

A majority of the members of the IEA Shadow Monetary Policy Committee believe that the recent reduction in rates by the Bank of England was a mistake and that there should be no further monetary easing. One member, Tim Congdon, believed that the recent rate cut should be reversed immediately.

Invest in the IEA. We are the catalyst for changing consensus and influencing public debate.

Donate now

Thank you for
your support

Subscribe to