Quote:
Originally Posted by Sephiroth
The BoE have completely lost the plot. How on earth does an interest rate hike bring down the energy price? It's objective is to stop people from buying stuff so that internal prices don't rise. But this will lead to unemployment and neither the people in work nor those laid off will be able to pay their mortgages. In time of recession, interest rates should fall.
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Free market capitalists would rather people get poorer, and unemployment increase, to reduce demand than admit the fake free market for energy doesn’t work.