No. The forwards have moved so it's lower mortgage rates priced in.
Correct. Likely may because that's when they get the qir data but if they hold off we will see a coordinated affair with the US and Europe in June.
He's the worst governor we've had since Eddie George. Total clown. Met him a few times now and he doesn't have a clue
Agreed.
Plus it affects more people and would have been fairer.
The tax rises wouldn't be forever, they could be reversed when inflation was under control.
Doesn’t matter…they want to stimulate growth
Hiking up interest rates was a stupid thing to do then.
They had to get inflation under control
Quickest way to take money out the system would have been through tax increases.
Bank of England can't do that though and an incumbent govt would never do that. Suicide. Plus the bank of England's primary mandate is price stability
I'm aware of that.
So moving rates is a faster way to drain money then.
A more effective way to bring down inflation. The rates could have been back to the level before high inflation by now.
Eh. You've just said taking more money out of the system is more effective.
No, taking the same amount out quicker would have been better.
Yes. They use members to guide the markets so you don't get idiotic shocks like the truss debacle. Granted Andrew Bailey is an idiot.
Eh? Not following the logic. The rates approach is obviously quicker.
Not at all. Interest rate hikes hit different people at different times. A tax hike hits everyone at the same time
