May 09, 2022 - 05:55 PM 254 views
Inflation could exceed the 10% target and last for years,"
warned former Bank of England (BOE) Chief Economist Andy Haldane in a LBC
interview on Monday.
Things have gone through my worst predictions.
I guess it’s probably going to stay for the entire duration of the
year and for the next year or even beyond that.
As of now, we perhaps should not talk about the increase in
We have a whole new generation of mortgage holders who haven’t
seen a hike in interest rates. These effects not only in financial terms, but
also physiologically too, It is going to be a huge shock for the system.
He made his remarks and the UK businesses are called out for an
immediate emergency budget to combat rising prices, including the repeal of the
latest insurance hike.
The Market Response
When last seen, the GBP/USD currency pair traded at 1.2278, down
by 0.77% in a day.