Shadow Monetary Policy Committee

The Shadow Monetary Policy Committee (SMPC) is a group of independent economists, which has met once a quarter since July 1997 at the Institute for Economic Affairs (IEA) to monitor the Monetary Policy Committee’s Bank Rate decisions, and to make rate recommendations of its own.

SMPC minutes are distributed by the IEA and posted on the IEA website. Minutes from January 2022 are available below:

October 2023

May 2023

April 2023

January 2023

October 2022

July 2022

January 2022