US EditionMurmurs of Stagflation – but the Bank of England Won’t Be Raising Interest Rates
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Murmurs of stagflation — but the Bank of England won’t be raising interest rates | Northamptonshire Chamber of Commerce
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm UK inflation jumped to 3.3% in March from 3% in February, with the expectation that this will rise further in the coming months. Only months ago, it appeared that policymakers had tamed the inflation beast. But the rules of the game have changed, exposing the UK’s vulnerability to external pressures, and the path back to the 2% inflation target now looks …
Murmurs of stagflation – but the Bank of England won’t be raising interest rates
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. UK inflation jumped to 3.3% in March from 3% in February, with the expectation that this will rise further in the coming months. Only months ago, it appeared that policymakers had tamed the inflation beast. But the rules of the game have changed, exposing the UK’s vulnerability to external pressures, and the path back to the 2% inflation target now looks…
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