Time for interest rates to be sorted – Alternative Inflation Report

The Bank of England should now be recommending a savings rate of about 2 % and maybe a lending rate based on 4%. They should discard the fictional rate of 0.5 %. This would boost the £, and therefore bear down on inflation. But it would also safeguard domestic purchasing power and do a much needed something for confidence. . . . → Read More: Time for interest rates to be sorted – Alternative Inflation Report

Our mythical low interest rates – Alternative Inflation Report

Interest rates paid by UK households are however, already some of the highest in Europe. Despite all the talk of record lows you will hear from the mainstream media. Given how our economy has evolved, any monetary policy other than safeguarding domestic living standards makes less sense than ever before. . . . → Read More: Our mythical low interest rates – Alternative Inflation Report