Raising rates will not necessarily curb the inflation especially when we have wage rise's like today's 5.2 % which has the immediate effect of boosting the inflation
And why did the inflation rise, it is government induced by printing huge sums of money out of the air and putting it into the system, so are they going to stop doing that?
Around the country hundreds of builders have already collapsed this year and many more are expected to follow and this trend is accompanied by retail etc.
So when you add the interest rate rises and the accompanying drop in house sales nothing has been fixed, it is all "kick the can don the road" that the government always relies upon
