Alan Kohler: Interest rates and carbon prices are already rising – The New Daily

Some are comparing it with the 1992 attack on the pound by speculators led by George Soros, which forced the Bank of England to “let the pound go”, that is, to give up defending it, defeated.

But there’s a big difference: In 1992, the Bank of England was using its foreign exchange reserves, and they just ran out. In 2021, the RBA is printing money, so the supply is unlimited.

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