Why is Britain getting inflation so wrong?
The Briefing Room
00:00
The Importance of Expectations in Interest Rate Policy
Expectations and forecasts are very bound up in each other. And of course, a model can never tell you exactly what's going to happen. It's only a model, but it does guide your expectations. So these things have been combined. One of the reasons why they started to raise interest rates. Most people would say much too late.
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