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Boe's Charlie Bean Confirms An End To Low Inflation

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Rapid global economic integration has helped keep prices in check in recent years but that disinflationary cycle may be over, Bank of England chief economist Charles Bean said on Saturday.

Globalization has provided a favorable tail wind to central banks’ attempts to hold inflation down, he said, while issuing a "change in weather" alert.

"Winds can be changeable and ... the process may go into reverse at some point. I think to an extent that is already happening," Bean told a gathering of central bankers and economists at the Kansas City Federal Reserve Bank’s annual retreat in Jackson Hole, Wyoming.

"Overall, the changes wrought by globalization seem to have been beneficial to the pursuit of low and stable inflation in the industrialized economies," Bean said, adding that "there is no everlasting banquet under the sun."

Another marker for the markets? :o:o

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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