Have the Bank of England just made the cost of living crisis worse ?

Originally posted on Strategus:
The BoE is currently predicting that on the back of soaring energy costs this winter inflation will peak at 13.3%. That would be the highest level for 42 years and as a response to that, last week the BoE increased interest rates from 1.25% to 1.75%. The doctrine of monetary policy…

Mix of strong demand and limited supply igniting inflation

Europe is facing sky-high prices, with many households ending up in financial difficulties. Government leaders must do something about this before it goes off the rails.