Peterdev
Well-known member
- Joined
- 17 Dec 2017
- Messages
- 4,258
If inflation is allowed to carry on as it is poorer people who will suffer most.
The BoE has at last done the right thing and signalled that it will do whatever is necessary to hit the required target of 2%. That said 2% is hardly realistic and they are now stating that 13% inflation will be with us for some time.
Added to the fact that other countries have been upping their interest rates we more or less have go the same way.
The hope is that the Ukraine war will end and the Taiwan situation does not escalate. There are external factors making the situation much worse than many would like
The BoE has at last done the right thing and signalled that it will do whatever is necessary to hit the required target of 2%. That said 2% is hardly realistic and they are now stating that 13% inflation will be with us for some time.
Added to the fact that other countries have been upping their interest rates we more or less have go the same way.
The hope is that the Ukraine war will end and the Taiwan situation does not escalate. There are external factors making the situation much worse than many would like