Alex Brazier, former Bank of England director and now Deputy Head of the BlackRock Investment Institute, says central banks are "not the cavalry that's riding to the rescue when the economy turns down," and that they now need to cause recessions to bring down inflation to their target. He tells Bloomberg's Lizzy Burden and Tom Mackenzie that the Bank of England doesn't need to raise rates as high as markets expect because rising energy prices are weighing on demand in the UK.
See omnystudio.com/listener) for privacy information.
