Fixed income experts warn 'there is nothing central banks can do to impact inflation'

Eve Maddock-Jones
clock • 3 min read

On the eve of the Bank of England (BoE) announcing its latest interest rate policies, some experts feel it is a futile endeavour at trying to bring down inflation. Katharine Neiss, chief European economist at PGIM Fixed Income, said that the UK is being hit with a double whammy of "the worst of both the euro area and US inflation drivers". The combination of inflation being pushed up by energy price shocks against a backdrop of an overheating labour market is "unsurprisingly, jangling nerves at the BoE." UK inflation hit a 30-year high of 7% earlier this year and the Office for Budget...

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