Surveillance: BOE Hikes, Forecasts Economic Misery
Bloomberg Surveillance
00:00
Is the Bank of England Warning of a Long Recession?
The bank of england is raising rates, the consumer is being squeezed. That does lower their inflation forecast, perhaps ahead. But if we do get a wage price spile, this is very 19 seventys like. So they're gonto be keeping an eye on that. The impact will be wing to have more at the labor market. We indeed, you mention told me haw yoventurd to pass harrits. It will be felt a lok in the north. Was seen lots of strikes being held around the u.K.
Play episode from 03:39
Transcript
