BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
Why 2% inflation?
A small amount of inflation is generally seen as healthy for the economy, encouraging spending and investment. Too much inflation erodes savings and makes planning difficult, while deflation (falling prices) can lead to people delaying purchases, harming economic growth. The 2% target is a sweet spot.
Stories that explain this
Bank of England holds interest rates despite rising inflation, doesn't follow the Fed's leadRelated explainers
What is inflation? Why didn't the Bank follow the Fed? Global energy costs Your mortgage payments Who sets interest rates? What is 'above inflation'? What is food inflation? How does inflation affect businesses?The full catalogue
Browse every card filed under 0–9 →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.