Wednesday, May 19, 2010
Media finally waking up to the fact that they (and us) are being taken for simpletons each month
I nicked this link from hpwatcher. I think the fact that IRs were 5.5% the last time inflation was this high is beginning to alarm the media and consumers. In their last monthly meeting, the Bank of England opted to leave interest rates unchanged at their emergency all-time historical low of 0.5% for the 15th month running.