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Action like this. Action like this. Yes, its very difficult for action like this. Yes, its very difficult for this action like this. Yes, its very difficult for this situation action like this. Yes, its very difficult for this situation is l action like this. Yes, its very i difficult for this situation is very special because the transmission of Monetary Policy is very slow. Mostly because they are fixed Interest Rate mortgages for example but also because people have a lot of excess savings from covid because they were transferred to people to go through the pandemic, also to calm down the energy crisis, so this time its different. I dont like this phrase but i would say this is why there is a dogmatic divide between those who say dont wait for a policy mistake, dont hide too much, because things can be strong and we can go into recession and others say inflation is far too ....
The highest rates in 22 years, the ecb also had a record high with their rates but what sally has just said, there is hope here we are coming to the end of this. is that the feeling globally, as well? definitely, i think the worst is behind us when it comes to the tightening, but the problem is the embedded tightening, so i think we haven t seen the effects of it, very abrupt, very strong and, to be fair, quite surprising in a way after years of very low interest rates including through the pandemic so we haven t seen the full impact on the uk to british households. of course it is a question of those exiting their fixed it is a question of those exiting theirfixed mortgage rates and entering more variable rates or what, so this could cost more for an average families imagine the cost of real disposable incomes for families. one point also is the bankruptcy situation. the uk is now at the top of bankruptcy situations, ....