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Welcome to the IEA Podcast. The Institute of Economic Affairs is the UK’s original free market think tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation. We hope you enjoy listening!
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Friday Nov 05, 2021
Should the Bank of England raise interest rates?
Friday Nov 05, 2021
Friday Nov 05, 2021
This week the Bank of England Monetary Policy Committee decided not to raise interest rates, voting seven to two to hold its benchmark rate at 0.1 per cent. This is despite the Bank lifting its forecast for inflation in its latest report.
What does rising inflation mean for households across the UK? What does the banks decision on rates mean for the economy? And what could the future hold for monetary policy?
IEA Communications and Marketing Assistant, Kieran Neild Ali, sat down with Julian Jessop, IEA Economics Fellow.
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