In Unit 4 we see that the MPC uses the interest rate as a way to control inflation and stimulate economic growth. This short article illustrates just how fine a line the Bank of England has to walk to make sure that they control inflation without hurting the economy. Business leaders here talk about how they would be upset if the interest rate were to rise, just as we talked about in our Unit 4 lessons.
http://www.nebusiness.co.uk/business-news/latest-business-news/2011/01/19/bank-warned-rate-hike-will-hit-uk-growth-51140-28010980/
Article found by Sunny Ricketts
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