We need to move on: a cut in interest rates will have no real impact on the economy

There is widespread speculation that the Bank of England will cut interest rates as reaction to the UK economic performance that Johnson’s election timing conveniently hid from public view. My reaction is, so what? The official rate is 0.75%. What is it going to be cut to? 0.5%, again? Well, whoopee. That’s going to change […]

source https://thebtrader.com/2020/01/14/we-need-to-move-on-a-cut-in-interest-rates-will-have-no-real-impact-on-the-economy/?utm_source=rss&utm_medium=rss&utm_campaign=we-need-to-move-on-a-cut-in-interest-rates-will-have-no-real-impact-on-the-economy