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Interest rates no cause for celebration after Andrew Bailey and Bank of England s errors

Should the government repeal the Bank of England Act 1998?

Or at least Part II and Schedule 3 of it? The Bank says we are in a recession and can see the government pulling all sorts of levers to stop that recession. And the Bank knows that current inflation is 95% cost-push and so quelling demand won't reduce it. Still the Bank pushes on with raising interest rates. They did exactly the same just before Gordon Brown's great depression (and as the economy recovered and then boomed, they kept rates at near zero for ten years on the trot).

Whoever wins the Tory leadership will be impotent against the onslaught of inflation

数码化5年发展压缩至1年 陈传锴:进程令人鼓舞光华日报 | 1910年创刊 创新每一天生活

数码化5年发展压缩至1年 陈传锴:进程令人鼓舞光华日报 | 1910年创刊 创新每一天生活
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