Comments on: Can inflation be controlled by raising interest rates? Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 By: Tim Worlock Wed, 13 Jan 2010 18:21:21 +0000 My view is that the UK will not be able to control domestic inflation through interest rate rises, since inflation is global. Anyway a hawkish view will kill off any sign of a recovery in its tracks. No alternative other than spending cuts and tax rises.