interest rate rises3 Nov 2022 09:20
these interest rate rises do nothing to ease inflation they just add fuel to the fire.
What causes inflation is when everyone spending so much on things that the price of these things go up due to supply and demand. But the price of these things are not going up because we are buying more but because of the rising energy costs and all the things going on in Ukraine& Russia .
Putting up the rates is just making the situation worse and punishing everyone for no good reason.
we wont spend less on these things because we have to buy these things (bread, Butter, Milk, Bean etc Petrol, gas, electricity) to live.