75. Bank of England Economist: Interest rates must be cut
The Rest Is Money
Economic Factors and Interest Rates
The chapter delves into the justification for a potential interest rate cut to address deflationary pressure despite target CPI inflation, emphasizing factors like wage growth and services inflation. It explores the workings of the Bank of England's Monetary Policy Committee meetings and the impact of AI, climate change, and other factors on interest rates, hinting at a gradual rate cut. The conversation also touches on the role of interest rates in controlling inflation, economic influences of monetary policy, and the complexities of its effect on different population segments and the broader economy.
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