And don’t be surprised if a sovereign downgrade makes the problem even worse.
The expected relationship between government and central bank policy has broken down in the UK.
Explaining why it can be so difficult to pinpoint whether or not an economy is in recession.
At the right moment, Australia’s Reserve Bank would be wise to stop taking its lead from the US – holding interest rates here steady, even if they’re still rising overseas.
Reforming the Bank of England to help it tackle inflation may end up compromising its independence.
Central banks are having to choose between ruinous inflation or ruinous interest rates.
Central banks are trying to strike a balance between curbing inflation and enabling economic growth.
Recent rate hikes will not do much to tackle inflation, but greater cooperation between the Bank of England and the government could help the UK economy.
Central banks are facing some of their toughest monetary policy decisions ever.
As household budgets come under strain, so does support for governments, as Boris Johnson should note.
Will we now see a proper pandemic recovery?
The “monetary policy rule” tool has been mostly right for the past 20 years.
Transitory or persistent? That’s still the big question facing central bankers over inflation.
Central bankers are coming under mounting pressure to get inflation under control.
Against all speculation, the bank decided to hold the base rate at all-time lows for another month.
The Bank of England is weighing up the costs of a change.
Inflation in the UK in August rose at the highest rate in a decade.
Interest rates, inflation and huge debts will all be up for debate.
When you study the money supply, it shows that the inflation risk is different than in the 2010s.
UK banks have been given six months to prepare for rates going below zero.