Of course, now the BoE & its friends in the finical services are focussing not on the headline rate (which is now at the BoE's formal target) but rather at services inflation which remains above the 2% reached by aggregated inflation.
As predicted the BoE is looking for reasons to keep rates high for longer to ensure that we are punished for wanting to see a return to previous standards of living (real wages).
The sado-monetarists have moved the goal posts to lengthen our pain!
#inflation
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-06-19 21:01:20
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-06-19 21:01:20Event JSON
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