Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Is Bank of England Pushing Economy into Recession?" video.

  1. Gobbledegook. Get real.
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  2. ​ @Dwigglemoo The comment above is from a bot, who understands nothing about government finance, or the failed ideological experiment the Tories put us through. Government should correct market failures, and not induce them as the Tories did for decades.
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  3. Central banks do not set interest rates. Markets do. In pursuit of following their own monetary policy, central banks may adjust the only rate they do control, which is the base rate, but the market can and do ignore it. Look what happened when The Fed cut the Fed Funds Rate - their equivalent of the BoE Base Rate - by ¼% last year. Nothing. None of the banks reduced their rates. So forget about Central Banks controlling anything. Rather, Central Banks just signal to the market their preferred outcome, and then the Markets decide what they want to do. Like yields on Gilts went up and then went back down. Knowing that gilt yields are the real signal of market sentiment, they was panic for a while, which has fallen away. So... Central banks aren't in charge; markets are.
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