I’ve never really understood the rationale of increasing interest rates when inflation is being driven by international events rather than discretionary spending. Just seems dumb.
Explain the out of control inflation before the war then……
We are pretty much the only western country in the world who RAISED interest rates before the war. Every economist has been saying for months and months that the inflation is mostly caused by the out of control government spending.
I’ve never really understood the rationale of increasing interest rates when inflation is being driven by international events rather than discretionary spending. Just seems dumb.
Banks need more money to cover the losses they had when it middle east went pear shaped, again
/S
When the only tool you have is a hammer, everything looks like a nail.
Inflation isn’t being driven by international events, it’s being driven by government spending.
Hmm, have you missed the last 6 weeks per chance ?
Did you miss the interest rate rise due to inflation before the war?
So what does glue taste like?
Explain the out of control inflation before the war then……
We are pretty much the only western country in the world who RAISED interest rates before the war. Every economist has been saying for months and months that the inflation is mostly caused by the out of control government spending.