Quote: "There’s nothing sacrosanct about 2 percent. Why not 4?" An essential point. Somewhere along the line 2% was invented as the natural target with respect to inflation. Somehow this standard assumed the status of Divine Decree, it simply does not have to be that way. The humane approach here would be to cut the raises and see what h…
Quote: "There’s nothing sacrosanct about 2 percent. Why not 4?"
An essential point. Somewhere along the line 2% was invented as the natural target with respect to inflation. Somehow this standard assumed the status of Divine Decree, it simply does not have to be that way. The humane approach here would be to cut the raises and see what happens with the suggestion that rates may have to be raised at a later point. There is supposed to be a 12 to 16 month delay between the rate rise and the final effect anyway.
Quote: "There’s nothing sacrosanct about 2 percent. Why not 4?"
An essential point. Somewhere along the line 2% was invented as the natural target with respect to inflation. Somehow this standard assumed the status of Divine Decree, it simply does not have to be that way. The humane approach here would be to cut the raises and see what happens with the suggestion that rates may have to be raised at a later point. There is supposed to be a 12 to 16 month delay between the rate rise and the final effect anyway.