totally agree, all the factors for the inflation rise starting with gas last September would not of been curbed with higher interest rates.
I think its been broken far to long - 2008 was never sorted really can was just kicked along the road and debt Q/E increased - that was the point of no return for low interest rates I think, you can't raise them significantly without absolutely disastrous consequences
It's going to take some never seen before economic policy to sort this - debt cancelation maybe ? if that sounds unrealistic its effectively what they did for the banks back in 2008