"Such an approach is unprecedented in the Bank's 315-year history but is now considered necessary as interest rates approach zero and deflation becomes a growing possibility.Not a word about the fears that many have about this process causing high, maybe even hyper, inflation. Do the BBC not consider this a possibility or have they instructions not to mention the prospect?
Deflation - or falling prices - is bad for the economy as it encourages consumers to delay spending in the expectation that prices will soon be lower, potentially worsening an economic downturn. "
Midweek 25th September 2024
24 minutes ago
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