Why 2023 is Making You Poorer w/ Unlearning Economics [Audio Exclusive]
Induction
00:00
The Bank of England's Inflation Targeting Policy
Inflation targeting has been the Bank of England's policy since the 90s. If you increase interest rates, then what you tend to do is discourage lending and borrowing and encourage saving. The idea is that by doing that, you kind of dampen spending and you, and you dampen demand in the economy.
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