Interest Rates

[Organ Morgan.]

Re: Interest Rates

I am an Asda home delivery shopper, true enough. I feel bad about it because I'm helping to tighten a financial noose around my own and everyone else's Gregory as once physical money is eradicated we are all fecked.

PS I've checked again the differences of what I purchase regularly throughout this year and it now stands at a 25% increase. It was at 22% when I last checked around six weeks back.

[North Cardiff Blue]

Re: Interest Rates

I am an Asda home delivery shopper, true enough. I feel bad about it because I'm helping to tighten a financial noose around my own and everyone else's Gregory as once physical money is eradicated we are all fecked.

PS I've checked again the differences of what I purchase regularly throughout this year and it now stands at a 25% increase. It was at 22% when I last checked around six weeks back.

It's peaking, a steady drop over the next twelve months as people tighten their belts, and change their habits buying the food that represents greater value.

[Wales-Bales]

Re: Interest Rates

It's peaking, a steady drop over the next twelve months as people tighten their belts, and change their habits buying the food that represents greater value.

Bugs and lab produced protein represents fantastic value. Exotic luxury foods such as milk, cheese, beef & chicken not so much, and they should be reserved for the people who can afford them, such as billionaires, royalty and government officials.

[Feedback]

Re: Interest Rates

I don't think it is going to stop at 3%.

expect another 0.5% in December and the same again in January

[Wales-Bales]

Re: Interest Rates

expect another 0.5% in December and the same again in January

Why not .75%?

[Organ Morgan.]

Re: Interest Rates

I read, I can't recall in which BBC articles, the BoE forecasting UK CPI to peak at 14% and the base rate at 4.75%. That institution has a deserved bad rep for being optimistically wrong.

It is possible to have raging inflation in energy and food and deflation in most everything else for which people can forego.

Crude oil, easily the most important commodity on the planet, can hit any price depending on how much demand outstrips supply.

[goats]

Re: Interest Rates

I don't think it is going to stop at 3%.

It was always about 5 to 10% when I was growing up….80’s/90’s…..about time the savers got something back maybe and the crazy spenders have to chill out and learn to budget. I guess the housing market needed to relax some too

[goats]

Re: Interest Rates

expect another 0.5% in December and the same again in January

When do the banks decide to apply it to savings accounts rather than just credit and mortgages? I see 3% starting to creep in with the online banks or 5 yr deals

[Feedback]

Re: Interest Rates

I read, I can't recall in which BBC articles, the BoE forecasting UK CPI to peak at 14% and the base rate at 4.75%. That institution has a deserved bad rep for being optimistically wrong.

It is possible to have raging inflation in energy and food and deflation in most everything else for which people can forego.

Crude oil, easily the most important commodity on the planet, can hit any price depending on how much demand outstrips supply.

Oil is not the planet's most important commodity. Get a grip

[life on mars]

Re: Interest Rates

Not only the Bank Of England , who gives the lenders the rights to double the B of E 3% up to over 6% and charge customers , and incredibly they offer different rates to different people based on the applicants ??

[life on mars]

Re: Interest Rates

Oil is not the planet's most important commodity. Get a grip

It is , it drives the manufacturing world ask the Germans ?? and the world would grind to a halt

What is the world's most important commodity?
10 of the Most Traded Commodities in the World
Brent Crude Oil. The first two entries on our list of the most traded commodities in the world should come as little surprise. ...
WTI Crude Oil. ...
Natural Gas. ...
Gold. ...
Silver. ...
Copper. ...
Coffee. ...
Sugar.

[Feedback]

Re: Interest Rates

It is , it drives the manufacturing world ask the Germans ?? and the world would grind to a halt

What is the world's most important commodity?
10 of the Most Traded Commodities in the World
Brent Crude Oil. The first two entries on our list of the most traded commodities in the world should come as little surprise. ...
WTI Crude Oil. ...
Natural Gas. ...
Gold. ...
Silver. ...
Copper. ...
Coffee. ...
Sugar.

What good is all that energy without wheat and water?

[A Quiet Monkfish]

Re: Interest Rates

When do the banks decide to apply it to savings accounts rather than just credit and mortgages? I see 3% starting to creep in with the online banks or 5 yr deals

You can get 5% 3yr fixed or 4,6% 2yr fixed - these were available before the latest interest rate increase...

[A Quiet Monkfish]

Re: Interest Rates

It is , it drives the manufacturing world ask the Germans ?? and the world would grind to a halt

What is the world's most important commodity?
10 of the Most Traded Commodities in the World
Brent Crude Oil. The first two entries on our list of the most traded commodities in the world should come as little surprise. ...
WTI Crude Oil. ...
Natural Gas. ...
Gold. ...
Silver. ...
Copper. ...
Coffee. ...
Sugar.

BASF moving what's left in Germany permanently to U.S. where energy [oil] costs are 25% of Europe's.

[Organ Morgan.]

Re: Interest Rates

What good is all that energy without wheat and water?

What's the use of those without oxygen?

When I said crude oil is the most important commodity I meant from an economic perspective. That's something, I suspect, we will become acutely aware of in next to no time when it becomes increasingly unaffordable.