Does the rise in inflation raise the risk of a rate hike? | Property Insiders 

A large part of the problem is the financialisation of the economy over the last 50 years. The financial sector has become too greater a portion of the economy - ever increasing debt simply transfers wealth from the real economy to the banksters & wealthy. This, along with the taxation system which encourages speculation over working hard & creating businesses & employment - why work hard, take a risk in setting up a business & pay 40% to nearly 50% tax v's buying shares & existing property & pay half the tax rate (ie 50% CGT tax discount). Given these incentives, it is no wonder that over the last few decades we have seen an ever increasing share of the economy directed to bullshit speculation & less to increasing real productive output. The tax & banking systems need some big changes to realign incentives. The banks are lazy & just want to lend as much as they can against existing property v's lending to businesses who create real new output & jobs. Countries like Japan & Germany deliberately cooerced their banks to lend mainly to businsses v's for housing, understanding that increasing debt needs to be mainly used to increase the productive output of the economy. Otherwise, over time, you end up with an increasing debt burden without increasing output/GDP to be able to pay the higher interest bill. So, we arrive at where we are today (decades in the making), where young adults & families are paying an ever increasing share of their income to mortgages or rent.

The 13 interest rates rises has not reduced inflation probably because the economy was running red hot after all that money printing and we actually need more rate increases, as unpopular as that might be to all the property speculators and sprukers.. Sorry guys I know you won't like to hear that..

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