Tighter monetary policy right response to inflation: UK minister
Add BT as a preferred source
BRITAIN’S Minister for Brexit Opportunities, Jacob Rees-Mogg, said on Friday (May 13) that a tighter monetary policy and constrained fiscal policy would be the right response to control inflation and help ease a cost-of-living crisis.
“The right responses are tighter monetary policy, which is the responsibility of the Bank of England, and constrained fiscal policy,” the pro-Brexit lawmaker told Times Radio.
“An emergency budget is not likely to be an answer to this. What is going to be an answer are essentially long-term measures combined with the immediate help that’s been given to people who are particularly affected.” REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Analysts raise DBS targets to as high as S$81 after record Q2 net profit
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Malaysia’s Tabung Haji reckoning: The billions lost, the rescue and what comes next
