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Chancellor comfortable with recession if it brings down inflation

From news.sky.com

{video} Jeremy Hunt has told Sky News he is comfortable with Britain being plunged into recession if that's what it takes to bring down inflation. The chancellor said that he would fully support the Bank of England raising interest rates higher, potentially towards 5.5%, as it battled higher-than-expected prices. Asked by Sky News whether he was "comfortable with the Bank of England doing whatever it takes to bring down inflation, even if that potentially would precipitate a recession", he said: "Yes, because in the end, inflation is a source of instability. "And if we want to have prosperity, to grow the economy, to ... (full story)

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  • Category: Fundamental Analysis