Careening out of control
The Bank of England is out of control
Today, the rate-setting Monetary Policy Committee at the Bank of England announced that theyβre raising the policy rate by 25 basis points to 0.50%. They said they expect annual inflation to accelerate above 7% within months because of low unemployment and surging energy prices. Markets were off slightly on the news, with the FTSE100 falling after the aβ¦