Fergus Cumming

Fergus Cumming is Chief Economist of the UK Health Security Agency where he leads workstreams related to the interaction between economic and health security. Before that, he worked at the Bank of England for over a decade in the financial stability and monetary analysis directorates. His research spans topics in monetary policy transmission and the role of debt, as well as various issues in public health in recent years. He completed his DPhil in Economics at Nuffield College, Oxford and holds a BSc and MSc from the London School of Economics. He contributes to this blog in a personal capacity.

Are rates hikes raising regional inequality?

10 February 2023 Fergus Cumming

Across the world, policy interest rates have been steadily increasing over the past year for the first time in a long time. In the UK, the last time Bank Rate increased by 3 percentage points in a single calendar year. But what do rising interest rates mean for places?