Cut Interest Rates Even Further IMF Tells Osborne: And if That Doesn’t Work, Start to Make Tax Cuts, says Finance Chief

May 23rd, 2012

FAKE NEWS for the Zionist agenda

Wednesday, 23 May 2012 10:59

‘The head of the world’s economic watchdog yesterday delivered an extraordinary call for the Bank of England to cut interest rates even further as British households were warned the income squeeze will last for another 18 months.

Christine Lagarde, of the International Monetary Fund, gave a strong endorsement of the Government’s deficit cutting plan – but suggested that if growth failed to pick up, temporary cuts in VAT or National Insurance should be considered.

Mrs Lagarde said the Bank of England should ‘reassess the efficacy’ of cutting rates below the current record low of 0.5 per cent to reduce the cost of borrowing for businesses and homeowners.’