Emeritus Prof Christopher May on Nostr: Huw Pill of the BoE makes pretty clear that #interestrates policy is a disciplinary ...
Huw Pill of the BoE makes pretty clear that #interestrates policy is a disciplinary measure:
'Lower interest rates are a reward to the economy for better inflation performance'....
So, once you #workers have stopped misbehaving by trying to rebuild your living standards, we your overlords will reduce the interest rates you have to pay.
And so, if we all remain good, Pill & his chums will likely reduce the rates in six to eight months time...
Oh, I'm so grateful Mr Pill & I promise to be good
'Lower interest rates are a reward to the economy for better inflation performance'....
So, once you #workers have stopped misbehaving by trying to rebuild your living standards, we your overlords will reduce the interest rates you have to pay.
And so, if we all remain good, Pill & his chums will likely reduce the rates in six to eight months time...
Oh, I'm so grateful Mr Pill & I promise to be good