Presentation to CQS
21
Presentation to CQS
description
Presentation to CQS. Inflation. What’s happened to inflation recently?. Why’s inflation been so consistently above target?. The Ketchup in the Bottle Effect. UK Unemployment will rise. Monetary policy cannot help with growth, but it can make things worse (and is doing). - PowerPoint PPT Presentation
Transcript of Presentation to CQS
Presentation to CQS
Inflation
What’s happened to inflation recently?
Why’s inflation been so consistently above target?
The Ketchup in the Bottle Effect
UK Unemployment will rise
Monetary policy cannot help with growth, but it can make things
worse (and is doing)
When there is some recovery, inflation will race higher => a final sting-in-the-tail recession to get
out the inflation
