AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
UK Economy: Inflation, Labor Market, and Interest Rates
The chapter explores the current dynamics of the UK economy, focusing on inflation and the labor market. It discusses the factors affecting inflation rates, such as goods prices and services inflation, as well as the disconnect between firms cutting hours and the household's need for more hours. Additionally, it delves into the market expectations regarding interest rates and the uncertainty surrounding future monetary policy decisions by the Bank of England.