Inflation Expectations
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Megan Greene on How the BOE Is Dealing With Supply Side Shock
Bloomberg Television· 2026-05-14 04:00
Is the idea that if we keep getting transitory shock after transitory shock — I think you've used the word mini waves of inflationary bouts over and over and over again — expectations will be more vulnerable towards higher inflation levels, so people will be even more worried about inflation once we get like the third shock and the fourth shock. That's right. And the size of the shock matters too.So inflation was 11% a couple years ago. That was on the front page of every newspaper. Households kind of knew ...