That is true but some people seem to think that current rates are unusually high. They are not. The Bank has even allowed a situation where inflation is substantially higher than base rates which did… (View Post)

Why are people obsessing about interest rate cuts? Fixed deals already take into account an expectation that the base rate will fall a bit. Below 4% seems unlikely since the Bank has a 2% inflation t… (View Post)

I suspected that the Labour talk of May was merely political. So that if it doesn't happen they can call Sunak a bottler. (View Post)

US State Dept spokesman describes the Houthi attacks on ships as 'reckless' and a threat to global trade. Since threatening global trade is the whole point wouldn't it be better to describe the attac… (View Post)

Why should the Bank cut rates now? Inflation of 3.9% is still well above target. Is it a racing certainty that it will fall below 2% without rate cuts? The last thing we want is spivs speculating on … (View Post)