Bank of England contrary to further cut interest rates to combat low inflation

Thursday, March 12th 2015 - 01:11 UTC

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Bank of England governor Mark Carney said it would be “extremely foolish” for the Bank of England to cut interest rates to try to combat low inflation. He reiterated comments made in February that the drop in prices was temporary and largely caused by the sharp fall in oil prices. Read full article

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ChrisR
The exchange rate with the dollar is terrible at present and it doesn't seem to be helping what little real exports the UK has to grow at all in real terms.

No doubt things will 'get better' after the election in May. Some hope if Camoron and Co. are still at the helm of the ship of state it will sink out of sight at this rate.
Mar 13th, 2015 - 07:14 pm - Link - Report abuse 0
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