Well, the ECB has increased interest rates by 0.25% to 1.25 and the MPC has pegged the rates at 0.5%.
Inflation in the Eurozone is at 2.6%, and 4.6% in the UK.
I know that different factors are involved too, but either the ECB or the MPC has got it wrong, they can’t both be right, based on today’s decisions.
It is easy to understand.
The UK economy is going to crawl along whereas the Germany economy is booming (at least temporary). EU = (mostly) Germany,germans do not care about further problems in Portugal or Greece.