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Message: <blockquote data-quote="daveg" data-source="post: 2297118" data-attributes="member: 229709">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.</blockquote>