observer
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Post by observer on May 18, 2022 12:04:22 GMT
It’s always interesting when you have someone way off the consensus opinions, like observer . But I find his arguments unpersuasive. Thanks. But consider that only about a third of current inflation is due to current energy price rises. And consider that Switzerland and Sweden, both subject to the same international energy price rises, don't have the same inflation as the UK. They, of course, have kept better control of their money supply |
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neilm
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Post by neilm on May 20, 2022 0:24:26 GMT
The Bank is knocking quantitative easing on the head and pulling some of the money out of the economy. It dithered too long about doing it.
It isn't increasing rates fast enough, but as I've said on here, ad infinitum ad nauseam, they shouldn't have been allowed to go so low, for so long. Rates should have stayed at around 5%: had they done so we'd have been able drop 200bp and get some money moving around.
It is time (indeed, it never should have been created) to abolish the MPC but that is a whole other matter.
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