Former Bank of England Governor Mervyn King says BOE has made a big mistake by believing money has nothing to do with inflation
He says this has led to inflation at multi-decade highs and the BOE having its credibility questioned.
He also says the BOE will likely keep raising rates and the UK will end up in a recession.
Read more here:
https://www.bloomberg.com/news/audio/2023-07-20/mervyn-king-says-boe-is-making-a-big-mistake-podcast
Fife4Europe #FBPE /
npub1ah…4eaxf
2023-07-20 07:59:09
Author Public Key
npub1ah6t9s7mun2s358aa434dd2cyds4lpacu3srh2cshecclsgjj77qg4eaxfPublished at
2023-07-20 07:59:09Event JSON
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"content": "Former Bank of England Governor Mervyn King says BOE has made a big mistake by believing money has nothing to do with inflation\n\nHe says this has led to inflation at multi-decade highs and the BOE having its credibility questioned.\n\nHe also says the BOE will likely keep raising rates and the UK will end up in a recession.\n\nRead more here:\nhttps://www.bloomberg.com/news/audio/2023-07-20/mervyn-king-says-boe-is-making-a-big-mistake-podcast",
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