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BOEs Pill: BOE raise rates last week because too much momentum in the economy

BOE's Pill:BOE raise rates last week because we thought there was too much momentum in economyToo much demand for inflation to return to 2%Trying to keep spending power will risk higher and persistent inflationSees risk of inflation getting stuck at 4 – 5%. We need to avoid this.Risk is a 2nd round effect keeps inflation above the targetThe challenge is finding the right balance on ratesLast week:The Bank of England (BoE) increased its key interest rate to 4.5% from 4.25%, marking the 12th cons... Read More

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Posted: May 15 2023, 16:29

Author Name: forexlive

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