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Thursday, May 26, 2022

Bank of England ramps up inflation forecast again but takes no action to help cool prices

Bank of England ramps up inflation forecast again but takes no action to help cool prices

The Bank cuts its expectations for UK growth and sees a greater risk to inflation from next spring as increased energy costs filter through.
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Oh ya 244 days ago
Central banks of the world can not raise interest rates to slow inflation because countries are so far in debt they could not afford to make the payments on their loans at the higher rate. It will all stop when we hit the Venezuela moment
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