For the economy, follow the BOE, not the government

1 min read

Bank of England is expected to keep interest rates in place today. Although inflation has fallen, a growth rate of 0 still means the country stands on the threshold where the Bank of England is expected to keep interest rates at 5.25.

Since there is no reduction in interest rates, it means that the Bank of England still does not trust the economy. The decrease in energy prices and inflation may be considered a temporary effect.

To understand the country’s economy, it is necessary to look and decide what the Bank of England is doing, not what the government says.

Unemployment rates are at the highest level in the last 10 years, so it is obvious that the problems are not solved just by decreasing inflation. Follow the Bank of England, not the government.

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