There is no compelling reason to raise interest rates, now or later.
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Economics
Bill Mitchell: The current inflation trajectory still looks to be transitory
The current inflation is transitory and a result of the Corona disruptions. That said these same disruptions appear to be returning, so this is long from over. Read here
EU politics
Bloomberg: Browder Laundering Complaint Shows $97 Million Nokia Payment
The reputation of Scandinavian banks is going from tarnished to sullied, from hygga to organised crime. Read here
Austerity
Jonathan Portes: Austerity really has hit poor people hardest – the figures prove it
Still another study proving that austerity hits the poorest the hardest in the UK – and everywhere else for that matter. How many more such studies do we need before something changes. Under the Tories […]
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