The US has stopped printing money, and both countries seem likely soon to be back in step with modest, gradual interest rate rises
The special relationship between the US and the UK when it comes to foreign policy may be alive and well but when it comes to monetary policy, our economic indicators arent always in step.
While both countries are on the road to recovery, their economies have experienced differing rates of GDP growth, inflation and employment at different periods since the recession hit in 2008. This has had different consequences for them.
Continue reading...