Bank of England should promise lower interest rates and see off Nigel Farage | Phillip Inman

Rate-setters would fuel growth by clarifying policy and bringing rates low enough to boost growthHow can the Bank of England avoid being a loyal and trusted friend to Nigel Farage? That’s easy. It could say the cost of borrowing will tumble over the next year, step by certain step, until it settles at a level that is low enough to boost growth.Each cut in interest rates from today’s 4.25% to 3%, or even better 2.5%, would be used by businesses to boost production, make crucial investments or pay down debts, making them more financially secure. Continue reading...

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