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Since the 17th century, the British economy has been through a number of upheavals: industrial revolutions, wars, financial crises, recessions, inflation, climate change… Does the evolution of the Bank Rate reflect changes in economic conditions, or is it rather the opposite? How is this interest rate transmitted to the financial markets and the economy?

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Interest Rates and Monetary Policy

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  • 发表日期：

    2025年

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  • Thomas Lagoarde-Ségot

摘要

Since the 17th century, the British economy has been through a number of upheavals: industrial revolutions, wars, financial crises, recessions, inflation, climate change… Does the evolution of the Bank Rate reflect changes in economic conditions, or is it rather the opposite? How is this interest rate transmitted to the financial markets and the economy?