RE: Bank of England ....4 Aug 2022 22:09
Some of us have been here before when it was a lot worse on interest rates….1.75 bank rate is not heart- stopping. Any borrowers have been lucky to have had pretty much zilch bank rate for a long time…the gravy train stops at some point. Inflationary pressures from Ukraine / Russian battles is the reason behind this inflation momentum…stop the battles, stop the supply chain mess. UN humanitarian aid programme director begged at the start of the sanctions for them not to go ahead, as Russia is where they source the food for famine relief…he was roundly ignored, and now countries who aren’t in the programme are facing cereal shortages…just enough. End of knee jerk reactions by idiots. If it’s any consolation, France has a mustard crisis..who knew Russia was the third largest mustard seed producer in the world..and Australia is suffering a hummus shortage…chickpeas in short supply, Russia 4th largest producer…God save the vegans.