Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Soldato
1.25% confirmed, not enough imho.
Caporegime
Nowhere near enough for what?
To keep inflation in check, realistically they should be following the US, were quite a way off.
Monthly?
The next meeting isn't until August though.
Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,504
Raising interest rates won't keep this inflation in check though, it might lessen the blow ever so slightly but at this point it's going to be piecemeal
It could if it's done in a similar rate relative to the economy globally. But as BoE is showing if you are not on board with that it can make things topsey turvey.
I'm slightly surprised.
If I had been betting I'd have said 0.5 increase to 1.5.
If there had been a meeting in July, 0.25.
Soldato
Things have been reasonably comfortable for us the past few years. Didn't have to worry about what we were spending (in reason) but now I feel I have to pay attention or it's quite easy to go over the monthly income.
I have massive sympathy for the people who were struggling before all this.
I have massive sympathy for the people who were struggling before all this.
Don
Not entirely sure what they expect to happen with an interest rise. Useful when inflationary pressures are due to booming economic activity, when it’s not, probably not?
Caporegime
Well, I wouldn't want any big big rises quickly. Would severely damage too many peoples financial stability. I really don’t want people losing their houses.
Don
You don’t think there’s people with informed opinions on here, or that it’s literally only the BoE board members?
My parents always refer back to the 1980's they went through an incredibly tough time then, really don't wish that anyone.
Soldato
Just been to do the monthly shop, was a bit of a jolt at the check out. Prices are going through the roof.
BoE now talking about 11% inflation in the autumn, and they still do a 0.25% rise. RIP.
Will be interesting to see where petrol and diesel prices heading in the next couple of weeks, given that it's priced in USD which is clearly being backed by the Fed.
Would not surprise me in the least if the BofE come out in the not too distant future with an emergency rate rise outside of the usual rate setting meetings. No doubt accompanied by the usual "we did not see it coming", and "isn't that Putin a naughty man after all"
Would not surprise me in the least if the BofE come out in the not too distant future with an emergency rate rise outside of the usual rate setting meetings. No doubt accompanied by the usual "we did not see it coming", and "isn't that Putin a naughty man after all"
Soldato
Do you think the actual banking experts at the BoE are doing a great job?