UK's Hunt Weighs in on BOE Rate Hikes as Inflation Overshoots

The video discusses the government's determination to adhere to its policies despite external pressures. It emphasizes the need to alleviate economic stress on families and businesses by tackling high inflation. The video also highlights how rising interest rates in other countries have successfully reduced inflation, suggesting similar outcomes can be expected locally.

What impact do rising interest rates have on inflation over time?

In what ways does the government expect to bring down inflation?