February 14, 2018

'Normalizing' Britain's Interest Rates by Raising Them May Slow Economy

The Bank of England announced plans to raise interest rates to combat inflation, but the actual effect will be to slow its economy and raise unemployment in light of a phantom threat, explains economist Mark Weisbrot.


- UK inflation still at 3% despite fall in food prices - BBC
- Are UK households ready for an interest rate rise? - Money Observer

- UK interest rate rise is coming, Bank of England tells borrower - Guardian
- UK interest rates doubling this year would be 'no great shock', says Bank of England deputy governor - Independent

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