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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 mess ....
In turn is feeding in to higher nominal wages. in turn is feeding in to higher nominalwages. so, in turn is feeding in to higher nominal wages. so, that suggests that what may have started out in part as an external shock to prices is starting to affect domestically generated inflation, and it is there that the bank of england is concerned and responding to these higher interest rates. figs concerned and responding to these higher interest rates. higher interest rates. as you have highlighted. higher interest rates. as you have highlighted. it higher interest rates. as you have highlighted, it also higher interest rates. as you have highlighted, it also prevents - highlighted, it also prevents businesses from expanding growing perhaps in a way that they would, because borrowing is more expensive. and therein lies the dilemma, how do you make sure businesses stay on track without the railing of economic recovery, but also calling concerned consumer spending. it is a balancing ac ....