Sky’s economics and data editor Ed Conway gives his take on the Bank of England’s decision to hold the interest rate at 5.25%.
“It is undoubtedly a big moment, we have been through the longest period in modern economic history of the Bank of England raising rates one meeting after another,” he said.
Read more:
#bankofengland #interestrates #economy
SUBSCRIBE to our YouTube channel for more videos:
Follow us on Twitter:
Like us on Facebook:
Follow us on Instagram:
Follow us on TikTok:
For more content go to and download our apps: Apple Android
Sky News Daily podcast is available for free here:
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí:
To enquire about licensing Sky News content, you can find more information here:
source
Every country doing the same
Bank chicken out ,they should have raislsed it but with ons making figures up as they go along ,and inflation will rise again this month due to fuel
Question is the UK is 2.88 TRILLION in debt how can it have a interest rate of 5.25%?
The UK is 2,886,455,322,233 pounds and counting in debt
No such thing as 'free money'.
This just shows BoE and Govt do not care about inflation or prices, with there large salaries they do not even notice prices rising. Until inflation is back down to 2% or below, the UK will just go backwards.
House prices dropping too fast for them – think they're worried about causing a house market crash.
Tory Balls up
…so people go abroad, and spend money there because it's cheaper… approach to tackle the problem using old tools in new world…
0.1 to 5.25 is a 5150% increase.
Think about that….
Inflation is not exactly falling here while it's otherwise rising everywhere else.
The UK still has the higheat inflation rate of the world's richest countries. It's not exactly a miracle is it?
I understand inflation came in below estimates, but its still more than 3x their target…
I guess the rich cabal have been advised that they are nearing the absolute edge of revolutions across Western society. Dare they?
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $275k bond/stock portfolio
The problem is not in the banking system, but in the money that has flowed into the country from Asian countries. A critical situation is created by the non-productive sphere in the country – trade, contraband, the huge and abnormally large children's shelters. These are state budget items that should be directed to science and the development of modern industrialization. The state policy encourages mini-keabu shops, which serve the distribution of contraband cigarettes and alcohol. The illegal circulation of dirty money in the country is measured in billions of pounds. The increase in food prices was caused by the mini-shop monopolizer, which destroyed competition in the food market.
Inflation isn't coming down, it's just the basket of goods and services CPI is based on is not changing to reflect current consumer spending. Prices in certain sectors are dropping along with profits as customer numbers fall and competition in the market increases, it's kinda obvious really, so many sales and special deals everywhere as public spending decreases. Unemployment will start to kick in soon and I predict many more "surprised" dumb economists in the near future.