As the FT reported last night:
Now why would it do that?
Could it be because Clare Lombardelli, chief economist of the OECD, is ex-Bank of England, by any chance?
And could, it also be that she seems to share the Bank's incoherent view that when an economy is down interest rates must be kept high just to ensure that nothing can get better?
I am only guessing, but I think that might have something to do with it.
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