BBCNEWS World Business Report March 23, 2022 05:38:00
Shocks. this is very much a supply shock and it is where inflation has come from one particular source, perhaps a particular source, perhaps a particular few sources such as food and energy, and it has come from overseas. so it isn't something easily solvable by the bank of england saying, "we will raise interest rates." that will increase your mortgage cost. they are in a bind. in the bank of england tries to offset it, then it means we have higher costs through interest. so, yes, it is a real difficult position that everybody is and at the moment. that everybody is and at the moment-— that...