Inflation

[Dunners]

Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

[Max B Gold]

Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

Yes, yes we know all that. Is it a good thing or a bad thing?

[Dunners]

Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

Yes, yes we know all that. Is it a good thing or a bad thing?

It depends.

[Max B Gold]

Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

Yes, yes we know all that. Is it a good thing or a bad thing?

It depends.

I have a friend who is invested across a range of UK, European, North American and Far East equities and bonds etc. Will he be OK?

[Dunners]

Yes, yes we know all that. Is it a good thing or a bad thing?

It depends.

I have a friend who is invested across a range of UK, European, North American and Far East equities and bonds etc. Will he be OK?

If your friend is sufficiently diversified, then they may be okay. But you may want to point them in the direction of crypto, just in case. That's a banker.

[Max B Gold]

It depends.

I have a friend who is invested across a range of UK, European, North American and Far East equities and bonds etc. Will he be OK?

If your friend is sufficiently diversified, then they may be okay. But you may want to point them in the direction of crypto, just in case. That's a banker.

Yesss! I mean I will let my friend know.

I suspect he will swerve the crypto on account of it not being a real thing.

[slacker]

Thanks for asking for me, Maxy. I’m overweight in Gold right now but think the rest of the portfolio is mostly holding up after the March blip.

Bit miffed about the rate hike as I might need to borrow some cash to complete the renovations at the new place - typical building project took longer and cost more than expected

[Adz]

Central banks are about to find out that interest rate rises have little to no impact on inflation in things you need rather than things you want.

They're all paying the costs of political destruction of unions and collective bargaining agreements as they wring their hands confused as to why there's no wage inflation to save them.

[Max B Gold]

Central banks are about to find out that interest rate rises have little to no impact on inflation in things you need rather than things you want.

They're all paying the costs of political destruction of unions and collective bargaining agreements as they wring their hands confused as to why there's no wage inflation to save them.

Are you thinking the class struggle is a thing again?

[Adz]

Central banks are about to find out that interest rate rises have little to no impact on inflation in things you need rather than things you want.

They're all paying the costs of political destruction of unions and collective bargaining agreements as they wring their hands confused as to why there's no wage inflation to save them.

Are you thinking the class struggle is a thing again?

Was it ever not?

[tuffers#1]

9% a 40 year high. Well done the T*RIES

[Long slender neck]

Its all temporary apparently so we shouldn't ask for a raise.

[JimbO]

Pretty sure hiking interest rates isn't going to solve the problem.

All the stuff that's causing inflation (food,energy & Petrol) is pretty much beyond their remit.

[tuffers#1]

who was in power 40 years ago ?

[Max B Gold]

Pretty sure hiking interest rates isn't going to solve the problem.

All the stuff that's causing inflation (food,energy & Petrol) is pretty much beyond their remit.

No it's not. HTH.

[Dunners]

The BoE Monetary Policy Committee voted 6 - 3 in favour of raising rates to 1.25%. The fifth consecutive rate rise.

The other three voted to raise it to 1.5%, which suggests more increases are on their way.

[PutneyO]

Martin Lewis was on Daytime TV yesterday telling a viewer that Coventry Building Society have a great junior scheme where her kids can put their £6000 away till they're 18 at 2.6%. He didn't mention that inflation is at 9% (please correct me if I'm wrong on that)

[Max B Gold]

Martin Lewis was on Daytime TV yesterday telling a viewer that Coventry Building Society have a great junior scheme where her kids can put their £6000 away till they're 18 at 2.6%. He didn't mention that inflation is at 9% (please correct me if I'm wrong on that)

Didn't watch it. I don't know if it's just me but I find that Lewis fellow a bit irritating. I know his hearts in the right place and everything but he is literally obsessed with money.

[Adz]

Pretty sure hiking interest rates isn't going to solve the problem.

All the stuff that's causing inflation (food,energy & Petrol) is pretty much beyond their remit.

No it's not. HTH.

Can you explain why? I have a similar view to jimbo

[Qin]

Usually inflation is caused by people having too much money to spend, but this isnt the case. Its caused now by a combination of World events, and pure greed by Petrol suppliers, and energy suppliers. ( world price of energy gone down, but prices still rising)
Raising the interest rates isnt going to work IMO. We atre heading for recession, and raising these interest rates will add fuel to the fire
Unbridled Capitalism is destroying our lives at the moment IMO

[PutneyO]

What do you guys think about investing in Gold Sovereigns ?

[RedDwarf 1881]

Interest rates up to 1%, but three of the committee wanted them higher at 1.25%. CPI inflation now predicted to hit 10% by end of year. If they could hit 9% this month then I think that may be a tad hopeful.

It was mentioned on the radio this morning inflation is expected to hit at least 11% . That lunatic Putin has really fcuked everything up .

[RedDwarf 1881]

Usually inflation is caused by people having too much money to spend, but this isnt the case. Its caused now by a combination of World events, and pure greed by Petrol suppliers, and energy suppliers. ( world price of energy gone down, but prices still rising)
Raising the interest rates isnt going to work IMO. We atre heading for recession, and raising these interest rates will add fuel to the fire
Unbridled Capitalism is destroying our lives at the moment IMO

If world energy prices are coming down than why can’t western governments do something about these greedy energy companies and force them to reduce their prices . They might not want to interfere but due to world events we’re not in normal times

[Dunners]

The pound v the dollar is worth keeping in mind.

[Max B Gold]

Usually inflation is caused by people having too much money to spend, but this isnt the case. Its caused now by a combination of World events, and pure greed by Petrol suppliers, and energy suppliers. ( world price of energy gone down, but prices still rising)
Raising the interest rates isnt going to work IMO. We atre heading for recession, and raising these interest rates will add fuel to the fire
Unbridled Capitalism is destroying our lives at the moment IMO

If world energy prices are coming down than why can’t western governments do something about these greedy energy companies and force them to reduce their prices . They might not want to interfere but due to world events we’re not in normal times

Nice to see you calling for govt intervention to control broken markets and rapacious capitalist price gouging and not just the oil and energy companies.

So it looks like govts CAN do something after all and it's not all outside their control. Surprisingly enough it looks like human action changes economies.

Yes Dunners exchange rate differences are in play but again govt can take action to remedy this too.