Inflation Outlook Winter 2023
Hailey Low
10 years: Macroeconomist
In this video, Hailey unravels the factors driving the high inflation in the UK during 2022 and 2023, from COVID-19 supply shocks to energy price surges and Brexit impacts. She also discusses when and how we can expect inflation to fall, with projections aiming for a return to the 2% target by late 2026.
In this video, Hailey unravels the factors driving the high inflation in the UK during 2022 and 2023, from COVID-19 supply shocks to energy price surges and Brexit impacts. She also discusses when and how we can expect inflation to fall, with projections aiming for a return to the 2% target by late 2026.
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Inflation Outlook Winter 2023
10 mins 13 secs
Key learning objectives:
Understand what factors are driving inflation
Understand when we can expect inflation to fall
Outline the Fed’s current position on interest rates and inflation
Overview:
In 2022 and 2023, the UK experienced high inflation due to various factors, including COVID-19 supply shocks, energy price surges from global conflicts, Brexit's trade and labour market impacts, and a tight labour market. Despite the Bank of England's efforts, inflation's decline is uncertain, with projections suggesting a return to the 2% target by late 2026. Meanwhile, the Federal Reserve, as of November 2023, maintains interest rates between 5.25% and 5.50%, with ongoing debates about the efficacy of current financial conditions in managing inflation above the 2% goal. These situations highlight the complexities in predicting and controlling inflation in a globally interconnected economy.
Subscribe to watch
Access this and all of the content on our platform by signing up for a 7-day free trial.
Subscribe to watch
Access this and all of the content on our platform by signing up for a 7-day free trial.
Hailey Low
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