has raised interest rates to their highest for 13 years, with a 0.25 percentage point increase to 1%, as it responds to soaring inflation.
Despite Covid, rising inflation and the Ukraine crisis, Germany will soon introduce a monthly ticket for all local transport (Nationwide) of €9, why doesn't Third Country Britain do the same then?
The govts are now letting the banks get on the greed train.
Fuck.
It seems the whole world is going to raise interest rates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of England expected to raise interest rates despite faltering economyEconomists predict a minimum 0.25 point rise as households contend with cost of living crisis No surprise is it! And the rags so called experts will have been shown to have been wrong AGAIN Inflation is worldwide and corporations are trying to claw back. If governments flood the world with covidrelief there will always be consequence and inflation is one of those things. I and millions others need interest to protect my savings
Source: The Guardian - 🏆 84. / 53 Read more »
Bank of England expected to raise interest rates despite faltering economyEconomists predict minimum 0.25 point rise as households contend with cost of living crisis Yep. Halifax emailed everyone to tell them this on May 3 More fleecing.
Source: Guardian news - 🏆 28. / 68 Read more »
Bank of England poised to ramp up interest rates as inflation bitesTWITCHY central banks are poised to aggressively hike interest rates this week in a bid to combat soaring inflation, but they risk plunging already wobbly economies into recession say experts.
Source: Evening Standard - 🏆 102. / 51 Read more »
Bank of England warns of recession as it lifts interest rate\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t see my naked photos Oh well, back to the good old days..... Just like the 70's. Still, it's what they voted for! Raising interest rates when there is a supply side problem is problematic for the economy, would it not just be more expedient to place more stringent requirements and higher rates on mortgages to stem asset inflation.
Source: FT - 🏆 113. / 51 Read more »
Interest rate raised to 1% by Bank of England despite issuing warning of recessionBREAKING NEWS: The Bank of England has raised the base rate of interest to 1% - the fourth consecutive increase as it continues to move against surging inflation. Latest: 📺 Sky 501, Virgin 602, Freeview 233 and YouTube Can I have 1% interest paid on the £150 that the government owes me 😂😂😂😂😂 Recession here we come Is UK a state of the US, seems like they just follow Uncle Sam
Source: SkyNews - 🏆 35. / 67 Read more »
Shell’s profits nearly triple; UK car sales drop; Bank of England interest rate decision – business liveRolling coverage of the latest economic and financial news, as Shell reports a surge in profits in the first quarter of the year Rule Wilson same parliament runing the league
Source: Guardian news - 🏆 28. / 68 Read more »