The latest interest rate cut will be short-lived

With rapid economic growth and accelerating inflation, the Bank of England's latest interest-rate cut may soon look like a mistake, says Matthew Lynn.

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Mark Carney will soon tweak rates back up to 0.5%

If any of us had a tenner for every time since the financial crash a City economist had predicted the Bank of England would raise rates, we would have enough money to buy a medium-sized Caribbean island by now. There have been so many forecasts that rates would start getting back to normal that most of us have stopped even listening to them.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.