‘Financial market measures of inflation expectations suggest that the near-term strength in inflation is expected to be transitory.’ Much as many economists and the Fed in the U.S. have suggested.
The Chancellor’s Taskforce, announced last week at the UK’s Fintech Week conference, will “engage widely with stakeholders on the benefits, risks and practicalities” of allowing consumers and businesses to open an account with the Bank of England.
The Bank of Japan struggled more than other central banks to respond to the Covid-19 pandemic because it had already introduced years of stimulus measures in an unsuccessful attempt to encourage price growth.
In response to the outbreak of the coronavirus pandemic, last April the Bank of Japan (BOJ) pledged to purchase an ‘unlimited’ quantity of Japanese government bonds.
