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The true cost of cheap money: an interview with Andy Haldane

Andy Haldane on the true cost of cheap money

19 June 2021

9:00 AM

19 June 2021

9:00 AM

Britain’s economy is growing at the fastest rate in 200 years. Job adverts are 29 per cent above their pre-pandemic levels and employers say they can’t reopen because they can’t find staff. Wages are rising at the fastest rate in ten years. But here’s the question: how much more support does the economy need from the Bank of England’s printing press? Should the BoE stick to its pledge to bring QE up to £895 billion or stop £50 billion short? Its members met to discuss this last week and decided (as they always do) to press ahead — by eight...

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