Tag Archives: interest rates

Taking a lead from the Federal Reserve Bank, the Bank of England has raised interest rates for the first time in a decade.  The move comes on the back of headline unemployment figures that are lower than the official definition of full-employment, together with an official inflation rate of 3 …

In addition to his famous ‘hierarchy of needs,’ psychologist Abraham Maslow had a hammer: “I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.” In central banking, that hammer is the rate of interest on overnight lending …