Is it right to raise interest rates in a recession?
An economic downturn would usually mean an easing of rates, but there’s inflation to tackle too. …
The pandemic, its aftermath, the war in Ukraine, and the energy shock, are the fuel for all of this of course. But with the Bank and the government pointing to more pain and sacrifice for millions of households, who are already facing multi-thousand pound increases in mortgage, energy and tax bills, people would be forgiven for asking: have decisions made here in Britain served to fan the flames?
About The Author
