4 mins. to read
Interest Rates Heading Higher?
Well, we now know that the Governor of the Bank of England and his committee voted in favour of holding the Base Rate at 5.25%.
But is that the right decision?
Various notables in the City consider that it would have been better to have raised the rate to get the pain more evident, certainly enough for the Exchequer to realise more quickly that the power of our economy must be switched to growth, as opposed to stall.
The question though is still whether the rate hiking cycle has peaked.
Rate Of Inflation Lowering Or Not?
The rate of inflation may well be a reduced 6.7% but ask any housewife what the rise in her costs over the last year has been.
There are rumours, spread by the pow…
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