Members of the public walk past the Bank of England in central London.
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REUTERS/Alessia Pierdomenico

via Financial Times

The outlook in the United Kingdom for stagflation of rising prices and slowing economic growth this year and next reflects the realities that Brexit has wrought, Adam S. Posen writes. This is why the Bank of England will have to raise rates higher than it has forecast and even more than markets have priced in.

The Peterson Institute for International Economics building is open on a limited basis. Employees and visitors must be fully vaccinated, with a booster shot, and verify vaccination records before entering the building by registering with CrowdPass, a HIPAA-compliant web application service.

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REUTERS/Alessia Pierdomenico

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