Bank of England INFLATION, Explained in 2 Minutes

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Why is everyone worried about inflation?
The latest buzz surrounding the Bank of England's decision to maintain the base rate at 5.25% has been rather prominent.
For the fifth time in a row, the B of E decided not to change the base rate, even though many people were hoping it would go down. Why? It's because they're worried about inflation, which is at about 3.4%, way higher than the goal of 2%.
Kevin analyses the link between inflation and interest rates, the double dip recession and the government roles that have a MASSIVE impact…
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Опубликовано:

30 сен 2024

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Комментарии : 18

@TheDomainNameGuy 5 месяцев назад

A recession is usually only 5 successive negative quarters Even when the economy closed in 2020 etc if a person looks at the FTSE 100 stock chart in Google it shows the chart plummeted but it doesn't take long for the stockmarket to make up losses Investors should be looking forward to a big recession because property is cheaper as many people will be in negative equity which is where property investors can make big money The money's made on the buy not the sell

@robertandrews5640 5 месяцев назад

I REMEMBER INTEREST RATES AT 15% TODAYS RATES ARE FALSELY LOW SO YOUNG PEOPLE HAVE NO EXPERIENCE OF TRUE REALITY THEY ONLY KNOW recent reality GET REAL BETWEEN 4 AND 6 PERCENTAGE POINTS ARE WHAT YOU WILL GET on average OVER TIME

@Clarky006 5 месяцев назад

Yes BUT it’s not black and white like this. Those higher rates were in real terms a smaller percentage burden on people’s incomes at the time, because of inflation and an ever growing wage/inflation gap todays lower rates even at 5% are more expensive to the common household. Things have changed.

@robertandrews5640 5 месяцев назад

@@Clarky006 EVERYTHING IS PRO RATA WAGES WERE LOWER HOUSE PRICES WERE LOWER IN TODAYS TERMS IT WAS PEANUTS JUST AS IN 40 YEARS TIME today's will look like peanuts IT IS A MATTER OF perception at the time.

@baileyharris6555 5 месяцев назад

Those rates were before the Mpc was formed. Lots of policy myopia and gov not knowing what they were doing

@s3p4kner 5 месяцев назад

I had access to my previous employers records on the interest rates they used to offer on savings once, 17% 20% or HIGHER! Fun times if you had low debt and saved what you could, this was when your parents told you to save for a rainy day, when compound interest could make you a millionaire in 40 years. Then the Govt got involved after some crisis they started or messed up, interest rates went below 1% and indebtedness was encouraged and now a return to 'normal' is creating devastation and poverty. IMO it's not so much that 3-4% interest rates will be the new normal that people are upset about, it's the lack of stability or predictability and the insidious knowledge in the back of your mind that the people who're meant to be in charge, aren't, and they're lying to your face. It causes doubt, fear and anger. None of which is healthy for a democracy.

@daviddenton2630 5 месяцев назад

I read an article probably 5 years ago that said we should expect 3% to be the normal interest rate. They based there theory on what has happened in Japan with an aging population keeping growth quite low. Since then there have been a few financial shocks that have screwed the numbers but it does look like that is going to be the level

@tictoc5443 5 месяцев назад

IMHO the future is uncertain

@ORIGINAL786dodi 5 месяцев назад

Definitely looking very uncertain‼️💯👌

@user-et8sn3hy8r 5 месяцев назад

We can barely afford grocceries or rent in America. They telling us the economy is doing great. No problems. Also an election yr. Lol

@evora9081 5 месяцев назад

Interest rates how much?😂😂😂😂. Who are they kidding?

@ProgressiveProperty 5 месяцев назад

Learn from the best; Download Kevin’s FREE GUIDE here → bit.ly/nmdreport-yt If you want to get started on your portfolio journey, join us on our FREE, 3-day event here: bit.ly/MSOPI24

@paulkeenan2691 5 месяцев назад

Uk recession and its associated - depression would be terrible if were not for one fact- physical gold and silver outshines in such stagflation ( uk hyperstagflation) look what happened in the last six weeks to the metals- exchanging future metal gains will be the story of reflection by the end of this decade.

@djzrobzombie2813 5 месяцев назад

What's up skid Marks

@ragael1024 5 месяцев назад

Brexiteers: "but but but... but GB is the world's 4th largest exporter! we should be rich!"

@Flamaiz 5 месяцев назад

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