The Bank of England’s willingness to raise rates aggressively, even as it predicts a recession, underlines how reacting to inflation trumps stimulating growth
Now that Boris Johnson has bid “hasta la vista, baby,” the two Conservative Party contenders to replace him as U.K. prime minister – Liz Truss and Rishi Sunak – are clashing on issues such as taxes, rising inflation and climate change, offering up different solutions to problems affecting countries around the world. Photo composite: Daniel OrtonNot even a floundering economy will stop central bankers from prioritizing their inflation mandates.by 0.5 percentage point to 1.
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