“The beast of inflation”

Haldane has warned of the “beast of inflation” stalking the land once more, with booming demand, labour shortages and supply-chain disruption risking a “wage-price spiral familiar from the 1970s and 1980s”.

For Haldane, that warrants action to reduce the scale of the Bank’s £895bn quantitative easing bond-buying programme, and take some heat out of a red-hot economy.

 

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