Why doesn't the 'reserve' start hiking up interest rates now to avoid the boom-bust?

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daveg

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People blindly go, 'Oh but we need interest rates to stay low to avoid a recession'.

Well thats fine, but what do we do when inflation starts getting out of control? I read multiple reports on the weekend that interest rates will remain static for the next 6 to 12 months, then they will go up like a shot to deal with the impending inflation time bomb we have ticking.

We'll never learn will we. No more return to boom and bust economics my a...

I bet there are a load of people mortgaged to their eyeballs who think a 0.5% base rate will just stay that way forever. Well why should I be paying to save them from their own naievity ...... hike them up now and lets get the pain over with.
 
All are for preventing the Hindenburg Omen
http://en.wikipedia.org/wiki/Hindenburg_Omen
http://www.zerohedge.com/article/third-hindenburg-omen-confirmation
 
inflation is low despite varoius raw materials going up in price and the pounds devaluation. Are high interests rates needed? The experts don't seem to think so.

What do you want pain so much, why will pain lead to anything good.
 
And they call the bloody poms whingers! You have an option to leave so why are you still here if this country upsets you so much?
 
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