Friday, June 13, 2014

Why is this unelected foreigner saying British interest rates have to rise?

Why is Mark Carney, unelected Governor of the Bank of England, saying that interest rates have to rise?

Not how, or when - I am asking WHY.

As inflation is not rising the money supply is obviously under control.

Therefore why is this unelected foreigner saying British interest rates have to rise?

Have you no idea what that will mean to people with mortgages who can barely make the monthly repayments, let alone any increase.

Interest rates need to be linked to rises in wages and salaries (which of course determines the rate of inflation - and as we know, wages are static and inflation is static).

Fuck off back to Canada Mr Carney and take your economic ideas with you.

http://www.bbc.co.uk/news/business-27825643

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