Not to disagree with the point you're making, but relying on a bunch of references to Bank of England sources is not really an un-biased argument. They have a v

Not to disagree with the point you're making, but relying on a bunch of references to Bank of England sources is not really an un-biased argument. They have a vested interest in you assuming they're doing "the right thing" but have also been implicated in the whole LIBOR scandal[1], so I now tend to take their press releases with a handful of salt. [1]: http://www.theguardian.com/business/2015/may/27/bank-of-england-official-received-emails-related-to-libor-rigging-court-told http://www.theguardian.com/business/2015/may/27/bank-of-engl...