Bank of England Hike Interest Rates

The largest increase for 27 years. This will create unmitigated misery for most. This alongside the cost of lockdown crisis, inflated energy bills and inflation at rampant speeds and we are going to witness mass economic misery.

BoE reasons dont stack up. "To combat inflation" and of course "russia", anyone can see through that tripe.

Is this deliberate? That is the only way it makes sense imo.

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Lauren19 · 26-30, F

In the overall scheme of things 1.75% is still a historic low.

gol979 · 41-45, M

@Lauren19 when a rise of interest rate is still a historic low?......i dont really know what to say to that tbh

Lauren19 · 26-30, F

@gol979 It's not a 1.75 increase. The rate is 1.75 after the rise. I don't really know why you've not understood that, to be honest.

gol979 · 41-45, M

@Lauren19 where did i say its a 1.75% increase? You said 1.75% was a "historic low".....i am pointing out how can that be when it has risen? What about the 1.25% it was before or the 0.5% it was before that? Is 1.75 !ower than 1.25 or 0.5?

Lauren19 · 26-30, F

@gol979 Yeah, all historic lows. Maybe a bad choice of phrasing by me. But if you had a graph from the beginning of time, 1.75 is right down there. In real terms, the rate is on the floor.