šØ"Bank of England hint the interest rate pain felt by many will be a long drawn-out affair!"šØ
The Bank of England thinks the economy isn't likely to face a recession, but there are heavy hints it fears the inflation cat is now out of the bag!
Economists thought inflation would fall to 4% by 2024 & 3.7% by 2025. Now, the markets think rates will still be at 5.9% in 2024 and at 5% by 2025!
Enough!Enough š”
https://news.sky.com/story/bank-of-england-increases-interest-rate-for-14th-time-in-a-row-to-525-12932441
