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IPFS News Link • Central Banks/Banking

No Pivot? BOE Says Rate Hikes Will Continue-Inflation Must Be Stopped

• https://www.zerohedge.com by Tyler Durden

The Bank of England's minimal intervention in long term gilt purchases to stave off a collapse in the UK pension system recently had investors buzzing with dreams that this was the beginning of a pivot by other central banks back to stimulus.  This is not the case.

As it turns out, the two week long BOE intervention is nothing more than a drop in the ocean of stimulus that would be needed to reverse course on the steady decline of stocks, and central bank officials warn that this is not the end.  Nowhere close.

BOE Deputy Governor Dave Ramsden recently indicated that the bank intends to charge forward on interest rate hikes, suggesting that this is the only way to tame the ongoing inflation crisis.


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