The era of low interest rates is ending – its legacy is inequality and toxic politics - short news
Over the past 14 years, older homeowners have continued to benefit – creating an unpleasant form of economic progress
On Thursday at midday the Bank of England’s monetary policy committee will announce an interest rate rise. Some City analysts have predicted the announcement will jack up the rate by 0.75 of a percentage point (mimicking that of the European Central Bank in early September) to a total of 2.5%. An upward jump of this size has not occurred since the Bank was made..
source: The Guardian - 21.09.2022