Bank of England Base rate & other news

[AtW]

Up to 0.5% as expected, but the 5-4 was unexpected, 4 voting for 0.75%!

https://www.bbc.co.uk/news/business-60197463

Oh wow, what a cliff hanger, can the economy take?!?

[SueEllen]

Oh wow, what a cliff hanger, can the economy take?!?

Energy price rises may help calm inflation.

[AtW]

Energy price rises may help calm inflation.

Cool it right down to freezing levels...

[SueEllen]

Cool it right down to freezing levels...

I was wondering why Lidl and Aldi ski wear events were popular...

[jamesbrown]

Oh wow, what a cliff hanger, can the economy take?!?

Now is not the best time to buy a sofa on credit.

[AtW]

Now is not the best time to buy a sofa on credit.

Why, it's interest free, nothing to pay for 4 years, innit?

[jamesbrown]

Why, it's interest free, nothing to pay for 4 years, innit?

I'd assumed you'd be borrowing from QuickQuid with your AMD shares as collateral.

[AtW]

I'd assumed you'd be borrowing from QuickQuid with your AMD shares as collateral.

Nah, old man, I use DeFi - no questions asked financing for the 21st century...

[Martin@AS Financial]

Bank Rate increased to 0.75%

This is interesting as according to the Telegraph, inflation is set to hit 8pc in April and this will be the BOE's way of trying to rein it back in to the government set target of 2%



Full report here:

https://www.bankofengland.co.uk/mone...9c75-113524461

[DealorNoDeal]

Like rearranging the deckchairs on the Titanic?