StoneRoad2013's photos with the keyword: interest rates

In the UK, the Bank Of England uses base interest rate changes as a means to help control inflation. There is a marked lag in the responses of the inflation rate [CPI] to base rate changes. This base rate underlies all UK borrowing and savings interest. [Whether there really is a causal link I'm not fully convinced]. Not my Image ; fair use & public information

The of Interest Rates to control inflation is a very blunt instrument, it appears to work, but with a timelag measured in months ... . Not my image : fair use & public education