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Author Topic: Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’  (Read 272 times)

NadiaWits

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Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns that inflation is not the biggest threat to the economy – because ‘the slowdown is here’As the newest policymaker at the Bank of England responsible for setting interest rates, Swati Dhingra can see a problem. Britain’s economy is heading for a lengthy and painful recession, while Brexit is making matters worse.After a year of the central bank driving up borrowing costs – the equivalent of stamping hard on the economic brakes – to tackle rampant inflation, the London School of Economics academic worries that much tougher action could intensify the crash. Continue reading...

Source: Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’



 

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