Richard Woolnough puts today's U.K. inflation report in perspective. What the U.K. has (and the...

|By:, SA News Editor

Richard Woolnough puts today's U.K. inflation report in perspective. What the U.K. has (and the U.S. to a slightly lesser extent) is a nearly unthinkable level of negative real interest rates. By fighting the last war (the GFC), central banks may have ignited a vicious inflation spiral.