Inflation down to 3.4%.... now we can look forward to BoE/MPC saying:
we need to wait until the dip in inflation is confirmed;
Its not inflation we're *really* worried about its... [insert issue of their choice];
Its still not down to target so reducing interest rates would be premature & not prudent;
or, of course, all three...
But if you think interest rates are going down any time soon, you haven't got the measure of the Sado-monetarists of Threadneedle St.
#inflation #interest rates
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-03-20 09:26:18
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-03-20 09:26:18Event JSON
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