Comments on: Interest rate decision day: no news is bad news Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 By: Robertson-Jones Tue, 15 Feb 2011 13:22:53 +0000 With the world economy as it is I struggle to understand how an interest rate hike by the BOE can assist in decreasing the rate of inflation. To my, (possibly very naive) understanding inflation, it appears to be being pushed up relentlessly not by the spending of the general public but by the ever increasing price of oil and so fuel, the increasing costs of: producing food, transporting food, tax increases and many other aspects which are totally out of the general publics control. I, along with every other person I know, am struggling on a day-to-day basis simply to get by with certainly no spare money to fritter. The low interest rates seem to be the only relief allowing people simply to exist not to mention the low mortgage rates that I believe have prevented an alarming rate of home repossession.