Bank of England: 'More evidence' needed before interest rate cuts, says governor
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- Опубликовано: 31 янв 2024
- Bank of England Governor Andrew Bailey believes that more evidence is needed before the interest rate can be cut.
Mr Bailey was talking to Sky's Ed Conway after the bank decided to hold rates for a fourth time in a row.
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This is this government allowing large
Corporations to make
Larger and
Larger profits at our expense this is why we need to vote them out
Let’s start a new party for the people, not the magore corporations
The presenter is clearly thinking Bailey is talking out of his arse
he usually does
The face says it all. More incompetence.
this dude should go to prison
Why?
Oh 100 percent
On an extremely serious note, the only reason inflation is the publicised rate that it is, is because they are cherry picking which bits of data to include. Changing the way they measure individual segments of the economy to positively manipulate the figures in the interest of the government
Rates should be minimum 3.5% he's not asked what rates will come down to minimum.Trouble is people are expecting free money again!
Let me assume that the ‘evidence’ he needs is America lowering theirs.
He is being cautiously optimistic that inflation rate would go down to 3% or 2% by the end of first quarter. However, I highly doubt it.
He's been wrong every step of the way. He'll be wrong again.
So inflation come down quicker because of fall in energy prices , so how has making borrowing more expensive and morgage payments through the roof helped bring it down ?
It’s absurd how the government and Bank of England is lying to us. I follow what Sasha has to say rather than these clowns.
It hasn't, it's actually adding to inflationary pressure since mortgages alone account for around 40% of someone's budget.
Everything is a derivative of energy, money is half of every transaction with the cost being interest rates, higher rates less overall demand, less energy
when it comes to money, everyone start accinn funny.
why would they cut their making millions in bonus money the banks and the rich need a labour government asap?
He dont have a mortgage 😮
I am also obtymistic but I cant make life decision on his words of optymism
I have no idea why anyone thinks lowering interest rates is a good idea beyond Tories and an election. Seriously people, it is a terrible idea, if anything inflation may go up meaning sticking at minimum of not raising.
Why on earth we have a governor who doesn't have a degree in economics or any financial experience? He's out of his depth clearly.
Yup yup. I can feel that things are getting more affordable. Labour should put some of these guys in prison
Crook they probably investing in the USD and their weapon sales.
Has Liz Truss offered to help with anyone’s mortgage payments yet?
aha h pua pua