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.
Interest rates, inflation, trade and the forces behind prices.
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.