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Tighter monetary policy right response to inflation – UK minister


© Reuters. FILE PHOTO: British Minister for Brexit Opportunities Jacob Rees-Mogg arrives to attend a Cabinet away day at Middleport Pottery in Stoke-on-Trent, central England, Britain May 12, 2022. Oli Scarff/Pool via REUTERS

LONDON (Reuters) – Britain’s minister for Brexit opportunities, Jacob Rees-Mogg, said on Friday 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.”

Tighter monetary policy right response to inflation – UK minister

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