Wednesday, September 23, 2020

Tag: bank underground

Opposing change? The price impact of removing the penny

Bank of England
In the Bank of England blog site Bank Underground, BoE analysts Marilena Angeli and Jack Meaning explain how removing the 1p and 2p coins would impact inflation. Would removing the 1p and 2p coins from circulation cause inflation? Or deflation? Or neither? Our analysis, and the over-whelming weight of literature and experience, suggests it would have no significant impact on...

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