April 7, 2011 at 2:09 pm
#103782
Participant
@Rocker wrote:
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.