Bank says it “will not hesitate to raise rates” after hesitating for years despite exploding inflation…
It even hesitated to raise rates because of the queen’s death.
The irony in the fact that saying they won’t hesitate is a hesitation in itself.
another break of all time low against the dollar would probably cause the bank to come to action
I think that letter puts to bed any illusion that the BoE is actually independent of the UK government.
It read like a hostage note, dictated by their captor.
I think it’s quite obvious. The Tory’s will tell their minions at the telegraph and dailyMail to make out Bailey and BoE the new “enemies of the people” and no doubt the ukip blithering idiot brexiteers will lap it up and make it out the “metropolitan liberal elites” are out against us . Oh and something something Megan markle and something or the other dingy boats
“I will not hesitate” I say while hesitating to do anything.
I remember a few years ago (about 6) there was an interview with a young Brexit supporter who mocked people for worrying the pound might suffer. He did a little impression saying ‘oh no, the pound! The pound!’ As if it was something of no importance to anyone.
I often think of that young man and wonder if he has yet discovered that the pound is the thing we use to buy food.
Whilst I don’t doubt that the BoE MPC is not set up to deal with reckless acts of self harm by government, this statement was entirely useless
Strikes, collapsing pound, the IMF bailing us out, rising interest rates leading to repossessions and negative equity.
It’s like the 70s and the 90s had a bastard child.
“Will not hesitate” but won’t be acting until November…
The tories have been shafting the country and the economy for 12 years go figure
What does it mean when the CB raises interest rates? Interest rates on what exactly?
Why would they even think of raising rates?
The disease is known: Truss and KK. Those two will keep cutting taxes – let them own the disaster unfolding.
Pitchforks before long at this rate – no pun intended.
great…. i cant wait to start earning pennies on my savings
So my generation now is being saddled with sky high house prices AND sky high interest. Simply lovely
BoE: We won’t hesitate to raise interest rates
The public: Ah so you are going to make an announcement now then?
BoE: No, we won’t say anything further until November
The public: But it is only September.
BoE: NOVEMBER!!
If rates hit 6% as some analysts predict then people will be homeless.
This is insanity.
Is Bank of England privately owned like the American „Federal” Reserve?
18 comments
Bank says it “will not hesitate to raise rates” after hesitating for years despite exploding inflation…
It even hesitated to raise rates because of the queen’s death.
The irony in the fact that saying they won’t hesitate is a hesitation in itself.
another break of all time low against the dollar would probably cause the bank to come to action
I think that letter puts to bed any illusion that the BoE is actually independent of the UK government.
It read like a hostage note, dictated by their captor.
I think it’s quite obvious. The Tory’s will tell their minions at the telegraph and dailyMail to make out Bailey and BoE the new “enemies of the people” and no doubt the ukip blithering idiot brexiteers will lap it up and make it out the “metropolitan liberal elites” are out against us . Oh and something something Megan markle and something or the other dingy boats
“I will not hesitate” I say while hesitating to do anything.
I remember a few years ago (about 6) there was an interview with a young Brexit supporter who mocked people for worrying the pound might suffer. He did a little impression saying ‘oh no, the pound! The pound!’ As if it was something of no importance to anyone.
I often think of that young man and wonder if he has yet discovered that the pound is the thing we use to buy food.
Whilst I don’t doubt that the BoE MPC is not set up to deal with reckless acts of self harm by government, this statement was entirely useless
Strikes, collapsing pound, the IMF bailing us out, rising interest rates leading to repossessions and negative equity.
It’s like the 70s and the 90s had a bastard child.
“Will not hesitate” but won’t be acting until November…
The tories have been shafting the country and the economy for 12 years go figure
What does it mean when the CB raises interest rates? Interest rates on what exactly?
Why would they even think of raising rates?
The disease is known: Truss and KK. Those two will keep cutting taxes – let them own the disaster unfolding.
Pitchforks before long at this rate – no pun intended.
great…. i cant wait to start earning pennies on my savings
So my generation now is being saddled with sky high house prices AND sky high interest. Simply lovely
BoE: We won’t hesitate to raise interest rates
The public: Ah so you are going to make an announcement now then?
BoE: No, we won’t say anything further until November
The public: But it is only September.
BoE: NOVEMBER!!
If rates hit 6% as some analysts predict then people will be homeless.
This is insanity.
Is Bank of England privately owned like the American „Federal” Reserve?