CoCL - UK interest rates, Oct 2024
In the UK, the Bank Of England uses base interest rate changes as a means to help control inflation. There is a marked lag in the responses of the inflation rate [CPI] to base rate changes.
This base rate underlies all UK borrowing and savings interest.
[Whether there really is a causal link I'm not fully convinced].
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Taken on Thursday November 21, 2024
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Posted on Thursday November 21, 2024
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