Home > Economy, Great Britain, Labour Party, POLITICS > Bank of England MPC bosses hopeless.

Bank of England MPC bosses hopeless.


The whole world was watching the smoke signals from the Monetary Policy Committee today, many were hoping against hope that these MPC knuckleheads would reduce the Bank of England interest rate – but no – they took the foolish decision to hold the rate. Scared by a mere 2.1% inflation rate they chickened out. This decision by the MPC is foolish, they are partly responsible for the downturn in the economy. We really do need to see a staged reduction in interest rates which are too high, this is just going to make things much worse. The economy needs a boost, a little inflation is harmless.

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