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5% is pretty healthy tbh - it’s only in contrast with the last ten years or so that it looks bad
That said it should be 8%! All this pissing around with .5 increments is sending the wrong message.
Howard-
5% is pretty healthy tbh
It's healthy if the housing market wasn't so over inflated and if the banks were passing on the rates to savers which they're not.
8% is great if you want loads of people to lose thier houses so they can be bought up by the wealthy creating an even worse problem.
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Well, to a degree, in a previous life I was paying over 6% on a mortgage but the house was only x2 my salary.
Its a different world now.
Raising interest rates isn't going to fix this inflation problem. Its not like people can just stop buying food and power, but its the only tool the bank have when the government are doing nothing.
Gewürzt
HousecatHST
5% base rate, there not going to be happy until all disposable income is being spent on mortgages or rent.