Bank of England Wimps Out of Raising Rates by a Puny 0.1%

#BOE #MPC #interestrates #inflation #CPI #sterling #gold #money #centalbanking #fiatcurrency #markets #gilts

Today we will look at how the credibility of the Bank of England has been shot to pieces as it surprised the financial markets by not raising rates from almost zero to 0.2%.

In our opinion, this decision by the Bank of England means the national currency or pound sterling will continue to be trashed by the monetary and fiscal powers that be.

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