Nowhere near enough for what?
Monthly?Looks like they've chose the path of small increases more frequently, I would be very surprised of we don't see another 0.25% very soon. This is nowhere near enough.
The next meeting isn't until August though.Looks like they've chose the path of small increases more frequently, I would be very surprised of we don't see another 0.25% very soon. This is nowhere near enough.
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 piecemealTo keep inflation in check, realistically they should be following the US, were quite a way off.
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.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
I'm slightly surprised.1.25% confirmed, not enough imho.
You don’t think there’s people with informed opinions on here, or that it’s literally only the BoE board members?Crazy how many banking experts are lingering around these parts
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.
Just been to do the monthly shop, was a bit of a jolt at the check out. Prices are going through the roof.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.
Do you think the actual banking experts at the BoE are doing a great job?Crazy how many banking experts are lingering around these parts