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 the last twelve months are available below:

July, 2021

April, 2021

January, 2021

October, 2020