4 ms·
You seem to be talking about inflation rather than interest rates
by Neil44 4y ago
You seem to be talking about inflation rather than interest rates
- highwaylights 4y agoBoth. Raising the base rate is a tool to reduce inflation. They’re two sides of the same coin.
- Neil44 4y agoThey are related although the government does not control interest rates, the BofE does. To be honest I'm not super worried as I can see the inflationary pressure is mostly coming from the knock on effects of the Ukraine which will undoubtably end at some point. Also we're coming off the back of Brexit and printing a load of money for Covid.