No interest rate rise is going to force an oil tanker through the Strait of Hormuz, or clear the "hazardous area" of mines. The Bank of England repeatedly made the point in its latest meeting's minutes and new numbers that the bigger picture is out of anyone's control - at least here in Britain. There was an important message, however, in the deliberations and forecasts around the decision to hold rates. Rate cuts are definitely off the agenda, some form of rate rise is more likely than not,

Tag-uri: Islam