“Nope cant manage more than a 0.01% rise. Gotta protect the broken housing economy” BoE
If we raise the interest rate we’ll fall (deeper) into recession. But it’s a hell of a lot easier to recover from a recession than it is to recover from an extended period of high inflation.
Damned if you do, even more damned if you don’t
At this point, let’s just go full scorched earth. The worst thing to ever happen was to give BoE control of the interest rate, they took their opportunity to push the interest rate down to as close to 0 as they could.
Now I’m not an economist, but I’m struggling to see what raising interest rates will do to reduce spending that the approaching 300-400% energy prices increases already aren’t doing. Other than pushing people further over the edge
Anything that will stall the housing market will be casually put under the carpet. The FED is increasing by .75% and even contemplating a 1% increase. But the Spineless BOE is trying to protect the rich who have a huge property portfolio and who do not want the housing ponzi to collapse
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Non-paywall link:
https://archive.ph/BDRGK
“Nope cant manage more than a 0.01% rise. Gotta protect the broken housing economy” BoE
If we raise the interest rate we’ll fall (deeper) into recession. But it’s a hell of a lot easier to recover from a recession than it is to recover from an extended period of high inflation.
Damned if you do, even more damned if you don’t
At this point, let’s just go full scorched earth. The worst thing to ever happen was to give BoE control of the interest rate, they took their opportunity to push the interest rate down to as close to 0 as they could.
Now I’m not an economist, but I’m struggling to see what raising interest rates will do to reduce spending that the approaching 300-400% energy prices increases already aren’t doing. Other than pushing people further over the edge
Anything that will stall the housing market will be casually put under the carpet. The FED is increasing by .75% and even contemplating a 1% increase. But the Spineless BOE is trying to protect the rich who have a huge property portfolio and who do not want the housing ponzi to collapse