How a central bank actually sets interest rates
One number, eight meetings a year and a very long line of dominoes. What happens in the room, and how it reaches your mortgage.
Economics correspondent. Explains central banks, inflation and trade without the jargon.
One number, eight meetings a year and a very long line of dominoes. What happens in the room, and how it reaches your mortgage.
The official rate is an average of a giant shopping basket. Your own inflation rate may be quite different.
Containers made distance almost free. When the chain breaks, prices everywhere feel it months later.