Inflation at 2.7%, why do savings need 3.8% to beat it?

bigadaj

Yes but it's all down to interpretation, taking any number out of context or lacking interpretation is meaningless.

Much of the domestic element of the last, or current?, recession dates back to the middle of the last decade. Interest rates too low for to long, supported by artificially low inflation figures that were due to Chinese exports being cheap due to currency manipulation and an unprecedented increase up in cheap goods manufactured by cheap labour.

Difference then was no one wanted to hear the story because it would spoil the good news story

Inflation probably is under reported so why don't we raise interest rates?