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Inflation on toys, furniture and clothing rose to 2.2% last month, the highest rate for 15 years 
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Scoop.it!
Consumer borrowing is falling, which is no bad thing. But it’s uncertainty, not regulation, that’s acting as the brake
Graham Watson's insight:
The Guardian notes that consumer spending has fallen - and whilst this might be a good thing from one perspective, it's not a good thing for growth.
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Scoop.it!
After 1945, banks worked closely with governments to ensure credit went to the right places. This should be happening now, says academic and economist Josh Ryan-Collins
Graham Watson's insight:
A little history lesson in today's Guardian: Josh Ryan-Collins compares the post-war recovery, and the role of central banks in sustaining it, and the possible paths to recovery after lockdown.
He argues that there's a pro-active role for government to help direct credit to where it's most needed, and target investment appropriately. It is also fascinating to note that at present only 10% of current bank lending is non-financial in nature. Is there a strong argument for a rebalancing of the economy in the light of this sort of thing?
fenue.genjang@gmail.com's curator insight,
July 8, 2020 1:26 PM
This article is about the impact of the central and what they should do in other to help aid recovery following the economic shock caused by coronavirus. The large state investment bank should take equity stakes in firms and support them to transition their business models while saving jobs. Centray bank need to work closely with the government rather than just creating new money.
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Another indication that inflation is rising at a rapid rate, with non-food price inflation up, global supply chain problems and the war in Ukraine continuing to stoke the cost of living crisis.
Equally, there's evidence that consumers are feeling the pinch too - with more people looking to access credit to fund their purchases.