“I stress, this is the euro area. It does not change my suggestion on the role of interest rates, which are a peculiarly UK phenomenon.” A strange remark. I un

“I stress, this is the euro area. It does not change my suggestion on the role of interest rates, which are a peculiarly UK phenomenon.” A strange remark. I understand that the ECB interest rate is a little behind the curve but I don't see how that renders "interest rates...a peculiarly UK phenomenon". They're rising everywhere, and are higher than they have been since the financial crisis, and the BoE's 5% is less than the USA and many other countries.