I mentioned in another thread that the Bank of England tends to be more reactive than proactive when it comes to setting interest rates.

For example, the cornerstone of their rate setting policy was inflation, and despite inflation continuing above their target, the Bank of England seems in no rush to react to this.

Instead the BoE seems content to watch for a clear inflationary trend first, and only then make the required rate rises.

Personally I think the BoE is being far too cautious on the issue and in general is too encouraging of an overheated economy thatn a smoother running one.

However that's simply looking at the domestic markets, and obviously currency exchange issues are going to have some impact.

But on the issue alone of keeping to inflationary targets, are the Bank of England far too slow to react or does softly softly really work in everyone's interest here?

I strongly agree that the BoE should be more proactive than reactive. This does not hold true on to BoE but also to all banks, all companies, and all people throughout the world. In order to have a better country, a better world, everybody must learn to act accordingly and one of the 7 habits of highly effective people is being proactive. We can be successful if we put this in mind.

typical that they suddenly jumped into action not long after the original post. Just when I'm buying a house and interest rate changes are really significant.

I'll have to start calling for the BoE to be more reactive again - who cares about inflation anyway.