Interest rate rise was to try to increase the value of the pound so that
inflation would be reduced.... but value of pound has dropped on the rate rise news... so will increase inflation and cause people to have less money to spend.
Posted By: Larry Hagman, Nov 2, 12:35:40
Follow Ups
- Don’t the Government get loads more in tax with high inflation?
Posted By: Gob on a Stick, Nov 2, 17:24:25 - 3Markets (and everyone else) knew what was going to happen today
Posted By: Azteca, Nov 2, 12:51:40 - 1pound dropped because they said they'd be very cautious about making future rises
Posted By: mr carra, Nov 2, 12:38:54
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