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Inflation Fixation
The LRB Podcast
The Importance of Monetary Policy in Britain
If Britain carries on raising interest rates to the level that it's expected, which is to get the bank rate up above 6% by early 2024. By that point, that may have unleashed enough economic pain, but heavily focused upon people in their 30s and 40s and homeowners in midlife. That may be, but that's a hell of a lot more pain than would be required if it weren't for the fact that there were still these sections of society that are still able to spend lavishly untroubled by this.
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