“Banks are attractive,” Jason argues, “because they are one of the few business models around that – within reason of course – prefer higher interest ...
It certainly won’t be an easy ride for Bank of England policy makers when they meet next to decide when to raise interest rates. Moving too sharply could see the economy go into reverse, but the Bank won’t want to risk losing credibility if prices keep accelerating.
“Banks are attractive,” Jason argues, “because they are one of the few business models around that – within reason of course – prefer higher interest rates.”
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
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