Has the Bank of England Bottled It?

Last week, an unexpected cooling of inflation allowed the Bank of England to leave interest rates unchanged. But with CPI still running more than three times above its target, has the Bank wimped out before the battle is won? And in today’s Dumb Question of the Week: Instead of hiking interest rates to fight inflation, why doesn't the government simply urge people to spend less? Selected links Monetary Policy Summary and minutes (20 September 2023) - Bank of England No More Baubles: Post-Plague ConsumptionThe Regulation of Consumption | Encyclopedia.com---Get in touch 📧 [email protected] 🎧 many-happy-returns.captivate.fm --- Join PensionCraft 🌐 Become a member at pensioncraft.com ▶️ Subscribe on YouTube ---Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns