BoE Rate Rise 2021 -
To me the Bank of England looks like the umpire of a real tennis match in a very changed world.
Back before the domino of MIRAS the "loads-a-money" economy was hot and driving up prices. These days prices are rising because of rising fixed cost essentials that a rate rise will not effect.
On top of austerity, the pandemic of media governments, government abandonment of governing national services, mortgage rates and general personal debt, borrowing is fixed in a low cost embrace. An embrace that now looks like tightening through what is probably going to be Britains worst recession since the end of the second world war.