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The Bank of England, interest rates and the UK economy

The Bank of England, interest rates and the UK economy

Michael McMahon, SMF-CAGE Global Perspectives Series: Paper 11, November 2017
global perspectives series, political economy, policy briefing

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