Sept. 22 (Bloomberg) -- Bank of England policy maker Andrew Sentance reiterated that the central bank should raise its benchmark interest rate âslowlyâ to combat inflation as the British and world economies avoid a double-dip recession.
The bank needs to âgradually move interest rates up in a slow way which will not destabilize business confidence,â Sentance said in an interview on Sky News television yesterday. âOne of the issues I would highlight is we havenât seen the same dampening effect on inflation that weâve seen in previous recessions.â
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aTjUN8B.g8dU&pos=5
You must be joking or dreaming, Mr. Sentance. LOL !
The bank needs to âgradually move interest rates up in a slow way which will not destabilize business confidence,â Sentance said in an interview on Sky News television yesterday. âOne of the issues I would highlight is we havenât seen the same dampening effect on inflation that weâve seen in previous recessions.â
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aTjUN8B.g8dU&pos=5
You must be joking or dreaming, Mr. Sentance. LOL !