UK inflation didn’t just come in higher than expected in February, it rose to a higher level than in January, continuing an uptrend trend seen in central Europe two weeks ago. Are we on the cusp of a reacceleration in inflation? And what does 18% inflation in food prices really mean?
The biggest story is what central bankers are going to do about this threat. Because they now face their ultimate nightmare scenario: a banking crisis and inflation, at the same time.
What’s so challenging about that? The appropriate policy for a banking crisis is precisely the opposite to one for fighting inflation. Which creates an impossible dilemma for central banks.
What’ll they do? And who’s fault is that banking crisis in the first place?
Find out, from Nigel Farage…
But just before you click that play button, remember to sign up (for free) to our 2023 Power Play Summit – it all kicks off on Monday. Over four days, our resident energy expert James Allen will be sharing his wisdom in the energy market and what he believes is the best to play it, alongside our host and investment director, John Butler. To top it off, James will be revealing his number one energy investment, just for watching – also for free. Click here to join them.
[Please note that there were a few technical issues during filming, so our apologies if the sound cuts out on occasion.]
(Your browser might be blocking you from seeing this video. Please visit cookie settings and enable cookies to see the video on this site, or click here to watch it on YouTube.)
And if you’d like to hear from Nigel and other guests more often and more conveniently, why not sign up to the Fortune & Freedom podcast on Apple Podcasts, Spotify, Amazon Music or Google Podcasts?
Editor, Fortune & Freedom