Editorial: The governor blundered by suggesting an early hike – but the least costly option is to wait and see
for years to come. This, combined with higher interest rates and a bumpy path out of Covid, risks a recession, not a recovery.that, in the last MPC meeting in September, there was a 9-0 vote to keep rates at their current level of 0.1% as the “elevated global cost pressures will prove transitory”. Nothing has changed, say the academics, about that prudent judgment. One reason to raise rates would be to bring inflation to heel, but the economists say this is unnecessary.
Belgique Dernières Nouvelles, Belgique Actualités
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