NewsBot
06-Aug-23, 20:13
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Bank Suggests 350,000 Rise In Unemployment Is The Price To Pay For Bringing Down Inflation
The Bank of England continued the largest cycle of rate rises in more than 30 years with an unprecedented fourteenth increase in a row, but the main news in today's announcement was gloomy forecasts that point to a weaker GDP outlook and a sharp rise in unemployment as the price we all must pay for bringing inflation back to target. The Resolution Foundation (Thursday 3 August 2023) response to the Bank's latest Monetary Policy Report (MPR). [Read Full Article (https://caithness-business.co.uk/article/20935)]
Bank Suggests 350,000 Rise In Unemployment Is The Price To Pay For Bringing Down Inflation
The Bank of England continued the largest cycle of rate rises in more than 30 years with an unprecedented fourteenth increase in a row, but the main news in today's announcement was gloomy forecasts that point to a weaker GDP outlook and a sharp rise in unemployment as the price we all must pay for bringing inflation back to target. The Resolution Foundation (Thursday 3 August 2023) response to the Bank's latest Monetary Policy Report (MPR). [Read Full Article (https://caithness-business.co.uk/article/20935)]