Inflation has affected the UK, US and Europe differently – here's what this means for interest rates
- Written by Pietro Galeone, Research fellow, Bocconi University
The Bank of England’s governor has repeatedly warned that it will not cut UK interest rates any time soon, even with a recent sharp fall in consumer price inflation.
Like central banks in the US and eurozone, the bank has been sharply increasing its base rate to try to tame a spike in inflation. But this has increased the interest people...
