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How is under-target inflation for a decade artificially low rates?
How is under-target inflation for a decade artificially low rates?
Well, look at where the money has gone. It's now in the stock market and in real estate. Inflation is there, it just didn't trickle down into the CPI basket (yet).
Because it is not normal to have such a low yield on Guilts around 1% for ten year in the UK