- "The Bank of England has cut UK interest rates to 5.5% from 5.75% amid signs that the economy is slowing." [BBC News, December 6th 2007]
- "President George W Bush has outlined plans to freeze rates on sub-prime mortgages for five years to help people hit by the US housing market crisis." [BBC News, December 6th 2007]
The difficulty with economic management, of course, is that there are many conflicting purposes and outcomes (inflation, growth, employment, trade, stability), and many conflicting views on how these can best be achieved. Those responsible for managing the economy have to understand the dynamics and governance of complex systems, from which they produce a single headline number - the new interest rate - which is chosen to produce some outcome or balanced compromise between multiple outcomes. Driving the economy around a slippery track, steering into the skid.