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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