Topic: | Re:Re:Re:Re:Time to raise interest rates? | |
Posted by: | E Yarrow | |
Date/Time: | 24/03/09 11:59:00 |
Stewart If CPI is ~ 3%, before QE kicks in then interest rates rises will help stem consumer spending. The BOE should be targeting CPI. Especially with a ~ 28% drop in currency value since Oct 2007. It is one big 6 month balance transfer, interest free credit card.... You cannot rob Peter to pay Paul. So, why is this a good thing? |