Why are interest rates still rising?
Pryce, Vicky (2023) Why are interest rates still rising? Birmingham City University, Centre for Brexit Studies Blog.
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Why are interest rates still rising.pdf - Published Version Download (115kB) |
Abstract
You may be forgiven for still wondering when the current interest rate hiking cycle might end given that the world economy is not picking up pace fast enough, despite the fact that the energy crisis seems to have abated. Monetary tightening continues even though the latest IMF forecast remains pretty pessimistic about overall growth returning to pre-pandemic rates any time soon. The IMF’s latest projection for overall global growth is for it to fall from 3.5% in 2022 to just 3% for this year as a whole and stay at that rate also in 2024. It blames this on the fact that “the rise in central bank policy rates to fight inflation continues to weigh on economic activity”.
| Item Type: | Other | ||||
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| Uncontrolled Keywords: | Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics | ||||
| Subjects: | CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics | ||||
| Divisions: | Research, Innovation, Enterprise > Centre for Brexit Studies | ||||
| Depositing User: | Gemma Tonks | ||||
| Date Deposited: | 27 Oct 2023 13:25 | ||||
| Last Modified: | 27 Oct 2023 13:25 | ||||
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/14879 |
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