Recession fears place brakes on Bank rate hikes
Julian Jessop quoted by the Daily Express
The Daily Express quoted:
“Money and credit growth is slowing sharply in all major economies as central banks tighten policy to bring inflation back down.
“This included the UK, where data earlier this week showed that the Bank of England’s preferred measure of the money supply was flat in the 12 months to July.
“While this is good news for inflation, it also suggests that the risks of recession are growing. This strengthens the case for the Bank to keep interest rates on hold rather than raise them any further.”
You can read the full article here.