raising interest rates was never the right medicine – here's why central bankers did it anyway
- Written by Robert Gausden, Senior Lecturer in Economics, University of Portsmouth
Pain, no gain? Bank of England Governor Andrew Bailey. IMF, CC BY-SAInflation remains too high in the UK. The annual rate of consumer price inflation to September was 6.7%, the same as a month earlier. This is well below the 11.1% peak reached in October 2022, but the failure of inflation to keep falling indicates it is proving far more stubborn...
