Who says the R.B.A don't want the banks to lift rates? Wayne Swann.LOL, LOL
If the R.B.A thinks the interest rates are low enough to curtail inflation, yet want more pressure put on the retail sector. What better way than having the banks lift their rates, it has the added benefit of improving the banks capital adequacy ratio.
Which will enable them to meet the basel 111 liquidity, it appears to be a no brainer to me and Swann is being a 'dick' as usual. trying to get cheap votes.
Time will tell, hower the last thing the R.B.A wants to see is headlines like this one.