BBCNEWS BBC News June 4, 2024 15:10:00
Coming years is more likely to be three something with a bit of movement on either side of that but probably not zero or one and what has changed compared to the pre—pandemic period is that this episode of very high inflation has pushed up inflation expectations and so you need a higher nominal interest rate in order to make sure that those inflation expectations do not translate into higher pay grade and high prices. that will shape the background for monetary policy in the coming years.— background for monetary policy in the coming years. really interesting to net our the coming years. r...