Climate change policies likely to boost inflation.

Posted by Staff of goGardenNow on

According to Express, "Climate change policies are increasingly likely to have an impact on inflation over the next two to three years, a top Bank of England policymaker has warned.

"Climate change and countries' different approaches to combat it are likely to boost inflation and have other economic impacts that are directly relevant to central bank rate-setters.

"The application of net zero policies promopts a potential rise in operational costs for businesses which causes fear for consumers as these high prices could be pushed forward, Catherine Mann, a prominent member of the Monetary Policy Committee at the Bank of England explained."

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