Fingers crossed for some stability in 2025 both domestically and on the world stage.
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Sadly stability isn't enough, we also need prosperity and growth.Originally posted by Martin@AS Financial View PostComment
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Bank of England's Bailey says inflation is slowing, 2025 jump will not last
Am interesting report from Reuters:
https://www.reuters.com/markets/bank...st-2025-02-17/
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As you were.
No surprises here given the inflationary challenges that the BOE are experiencing at the moment.
Bank Rate maintained at 4.5% - March 2025
Full report here:
https://www.bankofengland.co.uk/mone...025/march-2025Comment
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Elephant in the bank; keep interest rates high it's the only thing stopping the pound from crashing.Originally posted by Martin@AS Financial View Post"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Bank Rate reduced to 4.25% - May 2025
Interestingly, 2 members wanted to go with a 0.5% reduction.
Full report:
https://www.bankofengland.co.uk/mone.../2025/may-2025Comment
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2 members with enough sense to see that a big emergency cut is needed.Originally posted by Martin@AS Financial View PostComment
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Originally posted by willendure View Post
According to the BOE Chief Economist, base rate cuts need to slow down to curb inflation:
https://www.cityam.com/interest-rate...says-huw-pill/Comment
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They are a bunch of out-of-touch c***s. Current inflation is caused by increased utility charges not by consumer spending. Curb the utilities and inflation will drop.Originally posted by Martin@AS Financial View Post"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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