ฝัง
- เผยแพร่เมื่อ 8 พ.ค. 2024
- Bank of England Governor Andrew Bailey explains a chart which suggests inflation is expected to fall close to the 2% target, before rising again.
He said "a change in bank rates in June is neither ruled out nor a fait accompli" given persistent "sticky" inflation within the economy.
#interestrates #bankofengland #inflation #economy #skynews
Read more: news.sky.com/story/when-will-...
SUBSCRIBE to our TH-cam channel for more videos: / skynews
Follow us on Twitter: / skynews
Like us on Facebook: / skynews
Follow us on Instagram: / skynews
For more content go to news.sky.com and download our apps:
Apple: itunes.apple.com/gb/app/sky-n...
Android play.google.com/store/apps/de...
Sky News Daily podcast is available for free here: podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: / @skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: / @skynewsaufdeutsch6058
To enquire about licensing Sky News content, you can find more information here: news.sky.com/info/library-sales
LOL inflation is down, utility bills up, standing charges doubled, petrol and diesel up, insurance premiums up, air fares up, rail fares up, rents up, mortgages up, council tax up, congestion charge up, ULEZ up, parking fines up, motoring offences fines up.
Exactly.. they are trying to talk down inflation.
The hesdline inflation rate is meaningless if all of your purchases the inflation rate is a lot higher.
😂 bof inflation is down my own pocket inflation is up 😅
Where's the evidence the BOE interest rates have had any impact on inflation at all?
Its all price gouging.
If the BoE admits that raising interest rates doesn't reduce supply driven inflation then they'd be implying that they can't do anything about it...
This is about justifying a salary. David Graeber's book, "Bvllsh!t Jobs", is worth a read.
I think they should be looking to bring down the base rate as quickly as possible but anyone with even the most basic understanding of economics understands why the base rate has to be raised to lower inflation. Lower interest rates means more borrowing, more money created out of thin air. The money supply partially dictates inflation. The more money created the less each unit of currency is worth without equal growth in an economy.
@@ricardosmythe2548
There are several different causes of inflation which are influenced differently by changing interest rates.
The recent rise in inflation was mostly supply side driven, not the result of an increased monetary supply.
It's also ironic that people who see the need to qualify their statements with patronising phrases such as "anyone with a basic understanding of economics" often lack it themselves.
For these billionaires with pockets full of money. The working class for billionaires, normal workers are just a bunch of numbers. Bankers need us to be debtors all our lives!!!
Did not effect Tesco recording 2.3billion profit
We will lower interest rates but not until we have squeezed every last penny out of "normal" people's pockets. Mate find another way! Stop corporate greed and price gouging as thats the root cause!
He always seems fairly pleased with himself but the fact is they raised rates too late.
Donkey and carrot......and it's not us holding the carrot!
Present inflation 3.5 , interest rate 5.25 ,what justification, who profiting this only central bank.
Growth in the money supply dictates growth in inflation without equal growth in GDP. Lower base rate means more borrowing, growth in the money supply and a devaluation of currency (inflation)
Fantastic to hear that things are starting to improve. Fingers crossed that Britain will soon be Booming!
"BOE 🇬🇧 BAILEY, 🇬🇧 OXFORD HISTORY & 2025." ❤🇬🇧❤
Bank of England just waiting for election 😂🤣👌👌
everything is good that everything is very bad
Bank Of Brussels is more money.
Lol it’s all priced in when those with money feel the pinch
The masses with mortgages are footing the bill for the economy recovery. People with money are earning higher bank interest and probably don’t have mortgages like pensioners. This has stopped me spending and now when so called times get better I will keep my expenditure low as I have helped the economy enough. The other issues are the devalue of the dollar as more countries particularly in the global south trade in their own currencies and drop the dollar. This will cause runs on banks and hyper inflation in the USA and inevitably hit the UK.
Surely deflation is better.
Devil is in the detail. Too much detail.
How many dinghy divers have invaded this week? 🧐
Too many.
funny how this is happening now the Tories are losing
Lol up in the second half of thw year.. yeah when labour get in. Wait till labour get in and start spending, short the gbp.. booming stock market though... great they support the rich share holders.. Everyone vote labour!!!
How about abolishing interests rates and mortgages forever ?Every religion that I know but more specifically Islam harshly admonishes those that engage in interest rates .Interest rates do nothing but make the average persons life more miserable and the Rich richer .
whf? why bit tax more the rich instead of scamming all working clas home owners