Pimco's Amey: Reasons Why BOE Shouldn't Hike Today

The video discusses the economic implications of interest rate hikes, particularly in the context of the UK's current economic climate. It highlights the pressures on consumers due to negative real income growth and low savings rates, suggesting that hiking rates could be premature without clear inflationary pressures. The discussion also touches on the potential impact of Brexit negotiations on economic policy. Concerns about stagflation in the UK are addressed, with the conclusion that current inflation is largely imported due to sterling depreciation, rather than a domestic issue.

In what way does the speaker believe the UK has 'bought' inflation from the rest of the developed world?

What is the speaker's view on the existence of stagflation in the UK at the moment?