@ircrp
The Bank of England raises interest rates to 0.25% (from 0.1%) I am expecting the hikes to continue as they're frightened of the inflation which is currently at 7.1%
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3 comments
to think a 0,15% increase is such a big deal. I remember when interest rates were 22% but that was to kill inflation. So the question is how far will they go to kill inflation this time. Not a good time to bebin debt.
wow.. I find it hard to imagine what kind of havoc it would cause these days to see interest rates around 10-15%.. I do wonder how they will play this out this time, with a suspicion that the next 2-3 years being intense for the debtors & markets..
If you haven't already maybe now is a good time to take your money out of BoE and place it into something profitable like bch and smart bch