Inflation Targeting: Learning the lessons from the financial crisis

On Tuesday of this week, Spencer Dale, Executive Director and Chief Economist at the Bank of England, used the above title as his talk to the Society of Business Economists, and I will try to summarise his main themes.   He noted that the sudden end to a long period of economic stability has led to the inflation targeting framework … Continue reading

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It’s getting scary out there

So, interest rates are down to 0.5% and the Bank of England is given permission to begin “quantitative easing”. It is now considered nostalgic to look back to the balmy days of last summer and autumn (okay, so it rained most of the time) when interest rates were at 5% and we were all raising our eyebrows at the way … Continue reading

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