Interest Rates Predicted To Rise Very Soon

[Chae1]

Inflation supposedly now falling in the UK.

Spetember figures released this morning.

This is more bollox to stop people panicking?

Or am I the only 1 thinking this? Its stupid because when they come out with a realistic figure its going to make people panic even more. Sure I heard 14-17% last night. That would be more realistic.

 

[Macsky]

I’m in the process of getting a new mortgage deal, which has been held up long enough waiting for renewed ID for my wife that the deal we had expired, the latest deal available from the same provider is now cheaper than the one we were looking at.

 

[cows sh#t me to tears]

This is more bollox to stop people panicking?

Or am I the only 1 thinking this? Its stupid because when they come out with a realistic figure its going to make people panic even more. Sure I heard 14-17% last night. That would be more realistic.

Their twisted view on what constitutes "inflation" has been discussed on here previously. It's based on a trolley of goods from the supermarket. Not on everyday reality. In fact supermarket pricing can have a dramatic effect on reserve bank policy by distorting reality in either direction.

 

[HatsOff]

3.2% down to 3.1%
Still high compared to recent history and extremely high compared to interest rates.

 

[Yale]

This is more bollox to stop people panicking?

Or am I the only 1 thinking this? Its stupid because when they come out with a realistic figure its going to make people panic even more. Sure I heard 14-17% last night. That would be more realistic.

Think that was the drinks industry…..however you could say that is not essential so should be ignored.

 

[jendan]

This is more bollox to stop people panicking?

Or am I the only 1 thinking this? Its stupid because when they come out with a realistic figure its going to make people panic even more. Sure I heard 14-17% last night. That would be more realistic.

I really dont know how they only get 3.1%. More like 20% +.

 

[Nitrams]

Their twisted view on what constitutes "inflation" has been discussed on here previously. It's based on a trolley of goods from the supermarket. Not on everyday reality. In fact supermarket pricing can have a dramatic effect on reserve bank policy by distorting reality in either direction.

When the sh!t hits the fan its only the cost of essential items that matter...who gives a toss about electronics if you are hungry. Its just bulls**t figure manipulation to suit the agenda

 

[milkloss]

The inflation rates we are seeing should be relative short term, they are based on a global lag in production caused by covid

You sure? If you look at the grand scheme of things I’m not so confident it can all be blamed on COVID.

 

[Still Farming]

The Budget next week will be the next bar to cross.

 

[britishblue]

The wife and I had our first child free night out for 30 months a couple of weeks ago. Went to a favourite restaurant in Edinburgh. The first thing I noticed was that a sirloin steak was £30 instead of £20 and a burger and chips was £17 instead of £10. Thats what I call inflation!

 

[Still Farming]

The wife and I had our first child free night out for 30 months a couple of weeks ago. Went to a favourite restaurant in Edinburgh. The first thing I noticed was that a sirloin steak was £30 instead of £20 and a burger and chips was £17 instead of £10. Thats what I call inflation!

That's why we stay in?

 

[Highland Mule]

The wife and I had our first child free night out for 30 months a couple of weeks ago. Went to a favourite restaurant in Edinburgh. The first thing I noticed was that a sirloin steak was £30 instead of £20 and a burger and chips was £17 instead of £10. Thats what I call inflation!

The Dome?

 

[britishblue]

They dont let you into the Dome with wellies! It was Vittorios down Leith Walk.

 

[Clive]

You sure? If you look at the grand scheme of things I’m not so confident it can all be blamed on COVID.

yep - bigger global economic event that either world war, it’s going to have a big effect that takes decades to recover

 

[Nitrams]

yep - bigger global economic event that either world war, it’s going to have a big effect that takes decades to recover

Im a cynic, the inflation has been stimulated and frenzied..its the only thing that will pay for the debt levels...being out of europe gives us more freedom to steer the ship. The labour crisis being an example..its aide inflation and potentially reinvigorate the jobs market

 

[Clive]

Im a cynic, the inflation has been stimulated and frenzied..its the only thing that will pay for the debt levels...being out of europe gives us more freedom to steer the ship. The labour crisis being an example..its aide inflation and potentially reinvigorate the jobs market

inflation has been created by massive QE like we have never seen before globally

plus a global production lag causing this short term blip of very high rates (that will catch up and calm eventually though)

 

[SilliamWhale]

Im a cynic, the inflation has been stimulated and frenzied..its the only thing that will pay for the debt levels...being out of europe gives us more freedom to steer the ship. The labour crisis being an example..its aide inflation and potentially reinvigorate the jobs market

Its also just a catch up from inaction for a couple of months. The whole "lives vs economy"debate over covid has shown to be short sighted

 

[deere 6600]

Its also just a catch up from inaction for a couple of months. The whole "lives vs economy"debate over covid has shown to be short sighted

Just about everything I want to buy is costing more equals inflation End of

 

[milkloss]

inflation has been created by massive QE like we have never seen before globally

plus a global production lag causing this short term blip of very high rates (that will catch up and calm eventually though)

Massive QE has been going on round the world for years now. Inflation seems a bit sudden for that to be the cause. There’s no real reason for lack of global production/shipping…… can one COVID case really cause the complete closure of one of the biggest Chinese ports? Was cement/plaster production really that hampered by COVID as an example?
I’m not so sure it’s all as simple as you make out but if you’re trading, no matter, go with the flow….. just look out for the surprises.

 

[Nitrams]

inflation has been created by massive QE like we have never seen before globally

plus a global production lag causing this short term blip of very high rates (that will catch up and calm eventually though)

Not this type of inflation. QE has led to asset inflation not primary goods inflation