The Bank of England’s totally wrong response
Debunking Economics - the podcast
The Effects of Interest Rates on Demand
The value of mortgage lending in the UK shot up to 315 billion pounds which is 15 percent higher than it was just before the pandemic. I got quite surprised to see banks putting up rates because they thought they were so beholden to maintaining high asset prices that they would not jeopardize the rates by putting up interest rates. They're run by a neoclassical mindset and their terror is inflation greater than two percent, he says.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
