16th April 2019: 

The Institute of Economic Affairs’ Shadow Monetary Policy Committee (SMPC), of which both our Director, Dr Juan Castaneda and our Chairman Professor Tim Congdon are members of, convened in April for the second time this year to discuss the monetary policy of UK.

The decision to hold current rates passed by a narrow margin of 5 against 4, where Dr. Juan Castaneda argued against a 1/4 point rise in the base rates:

‘Juan Castaneda said that he appreciated the discussion about the extraordinarily low level of nominal interest rates. But he could not support a rise in rates in the current monetary environment. All the forecasts are for inflation to remain in the region of 2%. As broad money growth (M4x) has been decelerating in recent months (growing at only 2% annually according to the latest, February 2019, data), he said that there are no inflationary pressures in the medium term, so why change interest rates’.

Further details and the full meeting minutes can be accessed here.


20th March 2019: 

We are very pleased to announce that our Chairman, Professor Tim Congdon, has contributed as a keynote speaker to the Institute of Public Administration conference on “Administrative Development in Light of Saudi Vision 2030” (18-20 March 2019).

Further information of the conference at: https://www.ipa.edu.sa/en-us/events/conferences/adsv2030/pages/default.aspx

20th February 2019: 

Our Director, Dr Juan Castaneda, has written an article for today’s City AM entitled “The Eurozone’s push for unified fiscal discipline is doomed to fail”. You can read the full article here

15th January 2019: 

The Institute of Economic Affairs’ Shadow Monetary Policy Committee (SMPC), of which both our Director, Dr Juan Castaneda and our Chairman Professor Tim Congdon are members of, voted unanimously to hold bank rates at a meeting held in January.

Further details and the full meeting minutes can be accessed here.