The increasingly global origin of inflationary pressures.

Higher interest rates will not reopen a blocked strait, replace a sanctioned supplier, or mend a trade relationship. 

Swati Dhingra Financial Times 28 September 2026

https://www.ft.com/content/4aa021c0-7ffc-4570-b4ba-2f90c2d24653?syn-25a6b1a6=1

The writer is an associate professor of economics at the London School of Economics and an external member of the Bank of England’s Monetary Policy Committee.


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