Food inflation and monetary policy: what to expect?

Press/Media

Description

With inflation standing at five times above the official target, the Bank of England is expected to raise interest rates in its 15 December meeting. Increasing interest rates to dampen demand is unlikely to be enough in the fight against food inflation, since prices are influenced by the cost of energy and other inputs worldwide. 

Subject

Food inflation

Period5 Dec 2022

Media contributions

1

Media contributions

  • TitleFood inflation and monetary policy: what to expect?
    Media name/outletLSE British Politics and Policy
    Country/TerritoryUnited Kingdom
    Date5/12/22
    DescriptionWith inflation standing at five times above the official target, the Bank of England is expected to raise interest rates in its 15 December meeting. Increasing interest rates to dampen demand is unlikely to be enough in the fight against food inflation, since prices are influenced by the cost of energy and other inputs worldwide.
    URLhttps://blogs.lse.ac.uk/politicsandpolicy/food-inflation-and-monetary-policy-what-to-expect/
    PersonsCesar Revoredo Giha, Wisdom Dogbe
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