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

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...