Understanding Inflation: Its Impact and the Bank of England's Response
Inflation refers to the rate at which the general level of prices for goods and services rises, eroding purchasing power. The Bank of England aims to maintain inflation at 2%, yet current rates are significantly higher. This article explores the implicati
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The Bank of England has a target to keep inflation at 2%, but the current rate remains double that. Putting up interest rates is the usual response to rising inflation. But what does all this information on inflation mean?
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Published
Nov 15, 2023
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