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Amfear Liathmor
Sky News
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Comments by "Amfear Liathmor" (@amfearliathmor9747) on "Cost of living: Inflation takes surprise leap to 10.4% with record food costs to blame" video.
IMF usually insists on 1% above the inflation rate in order to control Inflation. The problem is even if Interests were raised to 11.5% this would not curb inflation as the estimate for the inflation rate being stated is probably not even half that of the real world. Of course a 20% Volcker interest rate would see a collapse of the financial system, equities and therefore savings and pensions would be 'And its Gone' in South Park parlance.
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