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IIMR April 2024 The UK's inflation performance; the Bernanke review of the Bank of England

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Institute of International Monetary Research

In this month's video. Tim Congdon, Chairman of the Institute of International Monetary Research, predicts that inflation will fall closer to the Bank of England's target in the next two months. He does not think that either the Bank of England or the UK government will deserve any credit if this happens as the Bank of England's unnecessary asset purchases in 2020 are responsible for the recent high inflation and the Government should not be involved in monetary policy. He also criticises Ben Bernanke's review of the Bank of England's performance because it ignores the quantity of money.

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