Swiss Economicblogs.org
It would appear that the central planners of the Bank of England have very short or very selective memories. After adopting unprecedented easing measures during the covid crisis and after supporting the government in its efforts to flood the economy with fresh cash during that same period, the central bank has put itself in a particularly unenviable position. With inflation soaring and living costs exploding for most consumers and taxpayers, hiking interest rates was the only way...
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