Michael McMahon, SMF-CAGE Global Perspectives Series: Paper 11, November 2017

The bank of England raised interest rates for the fist time in over 10 years on Thursday 2 November. This decision was unsurprising given that the Bank had signalled its likely intentions well in advance. And yet it doesn't feel like there is a huge amount of strong momentum in the economy that we might associate with rising interest rates. Here I explore five questions regarding the Bank of England's policy.

Political Economy