BofE: No Immediate Easing Off The Drug Of Cheap Money Even Though Higher Prices Are Set To Linger
“Businesses and consumers will have to suck up even higher prices over the medium term, before they fall back according to the latest forecast from the Bank of England. The description of higher inflation as temporary has been stretched to its limits given the timescale now set by the monetary policy committee, as 24 months above the 2% target may well be viewed as a pretty sustained period. [soros] Q2 2021 hedge fund letters, conferences and more No Easing Back On The Drug Of Cheap MoneyHigher commodity costs, supply chain bottlenecks and staff shortages are among the pressures weighing down ...