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April 6, 2017

The Bank of England Needs To Raise Rates (Video)

By EconMatters

We discuss the fact that before Brexit the Bank of England was set to raise interest rates, and instead because of a vote for an event that is still two years away, they lowered interest rates, stoked inflation, the FTSE 100, and UK Unemployment fell to 4.7%, with UK PMI`s holding up just fine, hardly the end of the world scenario portended by the 'Remain' Campaign. In short, Mark Carney overreacted to Brexit and now he needs to raise rates in line with the current UK Economy!

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Item Reviewed: The Bank of England Needs To Raise Rates (Video) Rating: 5 Reviewed By: EconMatters