risk of importing inflation mind

if everyone else is raising rates more than us, and the £ is weaker than it should be as a result, we'll import some additional inflation

But generally agree - the root cause of much of the inflation we're facing won't be affected by the BoE's fiddling, and what the Govt is doing will swamp any positive impact the BoE's fiddling might have.

as one of them said today, BoE and Govt are pulling in very different directions here.

Would not surprise me if the Govt changes the BoE's mandate.

Posted By: CWC on September 22nd 2022 at 15:43:53

Message Thread

Interest rates up 0.5 points to 2.25% (General Chat) - jamesward, Sep 22, 12:13:06
- Thread on interest rates (General Chat) - SCC 28, Sep 22, 18:34:15
- THAT’S NUMBERWANG!!!!! (n/m) (General Chat) - Ken Breadstick, Sep 22, 13:17:23
  - I have serious doubts about the link between interest rates and inflation (General Chat) - Ken Breadstick, Sep 22, 13:30:27
    - risk of importing inflation mind (General Chat) - CWC, Sep 22, 15:43:53
      - I read somewhere that if we didn't raise rates that pound would tank (even more) (General Chat) - jamesward, Sep 22, 15:58:04
    - Hi Mr. Erdogan! (n/m) (General Chat) - Steve in Holland, Sep 22, 13:32:43
      - 🤣 Turkey is currently sitting with a base rate of 12% and CPI of 80%! (n/m) (General Chat) - Ken Breadstick, Sep 22, 14:28:38
- Rents going up (General Chat) - SCC 28, Sep 22, 12:39:15
  - Rents are insane (General Chat) - SimonOTBC, Sep 22, 12:41:04
    - Yep it’s insane (n/m) (General Chat) - SCC 28, Sep 22, 12:45:00
      - I just had to guarantee the rent for son #3 (General Chat) - Old Git, Sep 22, 12:47:30
        
        Read about this lately, and it’s mental (General Chat) - jamesward, Sep 22, 12:54:39
        
        So is it now an asking price advertised? (General Chat) - SCC 28, Sep 22, 13:02:28
        
        It’s actually worse (General Chat) - Old Git, Sep 22, 13:12:02
        
        I'm always horrified when I have to provide references for the team to landlords (General Chat) - camcan, Sep 22, 16:39:57
        
        You should buy them a property and rent it to them (General Chat) - Jumbo1, Sep 22, 13:26:36
        
        Looks like I may have to do that for my Ukrainians eventually! (General Chat) - Old Git, Sep 22, 14:00:15
        
        Noblesse oblige (n/m) (General Chat) - CWC, Sep 22, 14:07:11
        
        Narrator: He did. He's the landlord. (n/m) (General Chat) - CWC, Sep 22, 13:29:48
        
        LOL (n/m) (General Chat) - SCC 28, Sep 22, 13:32:26
        
        rolf! (n/m) (General Chat) - Jumbo1, Sep 22, 14:46:43
        
        Having to offer based on pics jeez (n/m) (General Chat) - SCC 28, Sep 22, 13:15:01
        
        Some? (General Chat) - APB, Sep 22, 12:56:52
        
        I have a couple of rental properties and I'm not rich or unscrupulous (General Chat) - Adster, Sep 22, 13:20:57
        
        unlike house sellers? (n/m) (General Chat) - paulg, Sep 22, 13:19:10
        
        ^^landlord (n/m) (General Chat) - SCC 28, Sep 22, 13:20:18
        
        I'm just pointing out (General Chat) - paulg, Sep 22, 13:25:29
        
        But for landlords it’s purely to make money (General Chat) - SCC 28, Sep 22, 13:31:49
        
        Only recently heard about the bidding thing (General Chat) - SCC 28, Sep 22, 12:52:38
- 4 years to go on mine (General Chat) - SimonOTBC, Sep 22, 12:30:33
  - Ditto (n/m) (General Chat) - SCC 28, Sep 22, 12:34:14
    - Fuck me the interest has nearly quadrupled (General Chat) - SCC 28, Sep 22, 12:42:27
      - I don’t recall 10 years being an option when I was looking (General Chat) - SimonOTBC, Sep 22, 12:46:38
        
        I think my option was to pay more than before (General Chat) - SCC 28, Sep 22, 13:00:35
        
        Actually upon calculation wouldn’t take a massive drop (General Chat) - SCC 28, Sep 22, 14:42:38
        
        I think so.👍 (n/m) (General Chat) - protheroe fitzgibbon, Sep 22, 14:44:25
- Jumbo loves a long fix (n/m) (General Chat) - Old Git, Sep 22, 12:20:49

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