From Jackson Hole to Beijing, monetary policy is in flux
As former ECB boss Juncker said, we all know what to do but don’t know how to get elected when we have done it.
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As former ECB boss Juncker said, we all know what to do but don’t know how to get elected when we have done it.
There are some recessionary forces already in train such as pressure on public spending and rising stealth taxes.
But an uptick in services inflation hints at stubborn domestic price pressures.
A reduction in rental supply has coincided with soaring demand, causing average asking rents to rise by 33 per cent since the pandemic.
Joan Robinson, following her teacher Keynes, suggested that we could purge capitalism of its instability by permanently capping interest rates at zero.
With borrowing costs reaching a 15-year peak as the BoE hikes interest rates again, some worry that we are still to feel the bite from previous rate rises.
The number of households living in temporary accommodation in England has reached its highest level on record, according to fresh government figures.
At last the chance to free up the City from Brussels and Mifid 2.
Good news in the form of low unemployment and better wage growth has translated into bad news in the form of higher interest rates.
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