The U.S. federal government’s partial shutdown may increase demand for the nation’s bonds if investors seek sanctuary from any volatility it causes in markets, said former Bank of England policy maker Charles Goodhart.
The Bank of England should raise rates a quarter percentage point today to deal with inflation and bolster the pound, Charles Goodhart, a former member of the Monetary Policy Committee said, the London-based Times reported.
If you’ve ever experienced high inflation, you’re unlikely to forget it. In the decades between the end of World War II and the creation of Europe’s new currency, Germany’s central bank set the global standard for sound finance and monetary conservatism. Germany’s folk-memory tied the hyperinflation of the 1920s to the destruction of German society and the rise of Adolf Hitler. “Never again” was the idea that motivated, and to some degree still motivates, German monetary policy.