The economy too much. To dicsuss this further im nowjoined by the Bank Of England 5 former head of international surveillance, katharine neiss. She is now the chief european economist for pgim fixed income. Good to have no surprise that Interest Rates are still rising. Do you think that this is it . ~ ,. ,. , is it . The banker very clear today that if inflation is it . The banker very clear today that if Inflation Remains is it . The banker very clear today that if Inflation Remains resilientl that if Inflation Remains resilient at higher levels, then they could see Interest Rates are going higher from here. That said, to me, the really big message coming out of the Bank Of England today was, even in the absence of further rises in Interest Rates, they really see these higher Interest Rates that we have seen more recently as he had to say for quite some time. Yes. Have seen more recently as he had to say for quite some time. Say for quite some time. Yes, and this is taming say for qui
of the recession, which could be around the corner. around the corner. are bank of encland around the corner. are bank of england officials around the corner. are bank of england officials have - around the corner. are bank of l england officials have mentioned around the corner. are bank of - england officials have mentioned how pay rises have continued to be stronger and have crystallised in terms of the wage price spiral. that has an impact on inflation, and it is unions that push the pay rises. had aiming we are in the longest pay freeze in history. max hundreds of years. we have a big inflationary shocks this year, but over the last decade, and it is our job to push forward, because lots of people are struggling now. if job to push forward, because lots of people are struggling now. ii you job to push forward, because lots of people are struggling now. if you do ush for people are struggling now. if you do push for pay people are struggling now. if you do push for pay r