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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). ....
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