UPDATE: Traders Price 6% Rates On Hot UK Inflation & Sounds Heard In Titanic Search.
Bloomberg Daybreak: Europe Edition
00:00
The Impact of Interest Rates on the Economy
Consumer expectations tend to be most driven by energy and food. And we haven't had very good news on food, but there's a bit slightly better news on energy coming down the line. But that what happens then, of course, is that it feeds across. So you get into this into this spiral, this ratcheting effect. It's something that obviously the banking that needs to do something about.
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