Inflation

Central banks: boom or slump?

3 February 2023 - by Michael Roberts

Three of the major central banks met and raised their policy interest rates yet again in the so-called ‘fight against inflation’. Interest-rate levels are now at 15-year highs. But the financial markets took the comments of the central bankers (...)
Europe: caught in a trap

27 July 2022 - by Michael Roberts

The major economies are moving closer to recession, if they are not already there; and yet inflation rates continue to rise (for now). The latest surveys of business activity, called Purchasing Managers Indexes (PMIs), show that both the Euro (...)
Inflation: wages versus profits

16 May 2022 - by Michael Roberts

The Governor of the Bank of England, Andrew Bailey set the attitude of the mainstream view on the impact of inflation in February, when he said that “I’m not saying nobody gets a pay rise, don’t get me wrong. But what I am saying is, we do need to (...)