Bank misled public over interest rates - Assetz

The criticism follows news inflation fell well below analysts’ forecasts to 1.9% in July on the back of rapid food price drops. Assetz says the Bank was well aware inflation was likely to drop yet still upped interest rates, which currently stand at 5.75%. The Bank of England, as is its policy, has declined to comment. But Stuart Law, Assetz chief executive, says: “Anyone analysing monthly CPI data was able to predict…that inflation was going to drop. “It appears that either the Bank did the very same maths that we did and, as a result, knew full well that inflation would drop like ...