Inflation still problem - Lucas

He told investors who have “relaxed” since then that little has changed saying: “If inflation was a problem in May, it’s not clear why it shouldn’t be today.” Five months after the stock market correction, he said investors appeared less concerned expecting the cooling property market to take steam out of the economy and kill the inflation threat. Lucas, however, was not convinced by this. He said: “As we see it, little has actually changed since May - the economy may have cooled a little, but it has recently been given a massive boost by falling fuel bills, falling mortgage rates and...