The Bank of England is facing a damned if you do, damned if you don't moment
The Bank of England may be faced with a damned if you do, damned if you don't moment in which using monetary policy to fight inflation may actually make the problem worse, according to the Telegraph.
The Bank of England delivered no surprises at noon today, as it announced that the base rate of interest will remain at 0.5% for at least another month.