Higher interest rates punish low paid, says Bank’s Swati Dhingra

2023-10-12 06:49:42

“The kinds of price increases that we’re seeing, which is energy and food, those will typically impact those people more. And then the interest rates will also typically impact younger, less educated people more. So… eventually when we come out of all of this, we’re going to see that possibly inequality is going to rise.”

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