As we usher in a new month of fiscal insights and economic analyses in this issue of Finance Monthly, the spotlight falls sharply upon the United Kingdom’s economic landscape. It’s a landscape currently undergoing a seismic shift as it grapples with an unruly beast: inflation. The UK is unique in reeling from the triple shocks of the pandemic, the war in Ukraine, and of course, Brexit. The independent BoE uses, what many argue, is the blunt instrument of raising interest rates. It’s also likely that the proliferation of Fixed Rate mortgages has blunted the effect of the rate rises and that the BoE may have gone too far, as even their own forecasts predict inflation to drop below 2%. Some would argue that deflation is a real possibility. So has the BoE got it right? Finance Monthly INFLATION UK’S BATTLE AGAINST Business & Economy Finance Monthly. 34
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