Another interest rate looms, but Britain doesn’t need this one either - short news
Vacancies are falling, pressure on pay seems to be reducing, tax rises are looming. This economy is unlikely to overheat
Next month brings the likelihood of a 0.25% interest rate rise from the Bank of England, and possibly two more over the rest of the year, as Threadneedle Street seeks to dampen Britain’s overheating economy.
At least that would be the reason if the economy were overheating and in need of higher interest rates. In fact, the central bank is simply revealing..
source: The Guardian - 15.01.2022