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Expect the unexpected in the Bank of England’s battle with inflation
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fnlondon.comNiloofar Rafiei is a global macroeconomist at Sarasin & Partners
In the depths of lockdown, few imagined UK inflation would surge to a 40-year high of 9.1%, or that interest rates could rise so swiftly from their pandemic emergency levels of 0.1% to 1.25% today.
Whether high inflation could have been avoided, given the vast levels of stimulus,...
Read more on fnlondon.comAbout this in other media
Truss ‘irresponsible’ for threatening to review Bank of England remit theguardian.com /2 years ago
Workers asking for pay rises risk embedding inflation, says Bank boss theguardian.com /2 years ago
Kwarteng attacks Bank of England with inflation predicted to hit 13% theguardian.com /2 years ago
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