Originally posted by zeitghost
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Bank hints at further rate rises
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If you think my attitude stinks, you should smell my fingers. -
The entry into the ERM was a Tory act with broad support from the House Of Commons. It turned out to be a screw up and demonstrates that the less power given to politicians of any hue, the better.
Flash Gordon gave the BOE control over the interest rates. However the Tories had already commissioned a study into just that and hence much of the preparation had already been done, allowing it to happen much quicker than otherwise would have been the case. All credit to Flash for doing it though. IMO it is one of the achievements of this government.Comment
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Originally posted by AsterixAs I said inflation is not out of control (yet anyway), so hold.
That is what the MPC are trying to control, not the inflation rate today.
Ergo, if their data shows a risk that it will be rising too much in 18 months, they need to forestall it now.Comment
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