If the cost of borrowing money rises, consumers and businesses have less money to spend. As demand falls economic growth slows down and in theory so should the prices of goods and services. Increasing the Bank rate is like a lever for slowing down inflation.
Just copied the above,
If energy and everything we need in our daily lives continues to increase how can we sell cheaper.
Is it just me who thinks using interest rates to cut inflation is going to cause more trouble
Just copied the above,
If energy and everything we need in our daily lives continues to increase how can we sell cheaper.
Is it just me who thinks using interest rates to cut inflation is going to cause more trouble