Time to get real on interest rates
As interest rates continue to rise, we need to consider why.
As interest rates continue to rise, we need to consider why.
Annual inflation in 2022 was 10.5%, but not all components rose by double digits.
Inflation surged in 2022, but can it reverse in 2023? Source: ONS, Eurostat, BLS. Inflation forecasters were way off target for 2022. For example: • In December 2021, the Bank of England’s Monetary Policy Committee said “CPI inflation was expected…