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bet my colleague in 2013/14 that rates would go down before they went up - he called me an idiot, but then I wasn't the one who lost and had to get a spray tan...
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I thought the consensus among economists at the moment is that the only way is down given the recession and mass unemployment that's coming? Surely raising them would slow growth which is the last thing the Bank of England would want to do?
There has been a short term rise fueled by rising petrol prices (after they dropped during lockdown), food costs increasing and frantic PPE buying but there's currently speculation that the BoE might take us into negative territory...
cozzzzzzzz
Fox
@deleted
Interest rates have to go up in the medium-long term because the fiscal gap is very unlikely to be filled by productivity, which has been in decline since the 80s