Interest rates are likely to rise by much less than most people are predicting
- Written by Costas Milas, Professor of Finance, University of Liverpool
Inflation was already a serious problem thanks to the bottlenecks in the global supply chain caused by the COVID-19 pandemic. But following Russia’s brutal invasion of Ukraine, and the effect on oil and gas prices, inflationary pressures now look a whole lot worse.
The big question is how central...