Tim Dower: The party's almost over in printing money

Early Edition with Ryan Bridge · Jul 14, 2021 · 1m

I was holding my breath for a moment listening to our 2 o'clock news yesterday.

In the end, the interest rate didn't go up, but the flag's been raised and the printing of money is coming to an end; the party's almost over.

You've probably noticed signs of inflation in your supermarket shop, a couple of things I buy regularly have sneaked up all of a sudden.

That big pack of toilet roll jumped by a dollar, from $8 to $9, only a dollar, but it's still a 12 and a half percent hike.

Dog food has gone up 50 cents a bucket, and sure, it only works out to a few dollars more every week, but in…