Interest Rates Held Yet Again
Published / Last Updated on 09/03/2011
Interest Rates Held Yet Again.
The Bank of England Montetary Policy Committee have again today voted to keep interest rates at 0.5%.
In addition, quantitative easing is to be maintained at £200bn.
Rates have now neen held at 0.5% for exactly 2 years and we suggest confidence may fall of in UK as inflation will continue to be a feature.
In fact, as we have repeatedly suggested in these pages, we believe the Bank of England is ignoring is committment to control inflation to around 2% and is deliberately engineering inflation to devalue public sector debt.
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