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...
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...