The Reassessment of Inflation Expectations

Markets reassessed its perceptions of how high the Bank of England is going to have to hike bank rates. They're now thinking it will have to be somewhere between kind of 525 and 550, which is so much higher than I guess any of us thought at the beginning of this uptick in inflation. People who are borrowing at current rates are borrowing much more as a multiple of their income than people were back in the 1990s because of house valuation. There is something else to eerily reminiscent of the trough of trust. Arguably, what really ejected her from office was the financial markets. They pushed up the price of UK government debt because they didn't think the economic policy of the