It seems to be that increasing rates are not doing much to inflation. News has it that inflation has now rose to 3% which means it is very likely that the BOE will raise interest rates again next month. How much higher will they need to go? This may sound silly but could there ever be another recession.................or am I worrying too much :-)
But then that would mean a recession would it not if rates hit 10-12%? People are struggling to pay their mortgages as it is. It's worrying not knowing what will happen in the months to come xx