I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
Favour over the past month. Weve seen sterling rise that will help temper the Price Pressures from imports. Weve also seen other pressures in the markets where theyve been raising some questions about the Bank Of Englands credibility, as in Mortgage Rates going up without decisions being made that has all calmed down, too. And the public s expectations of where inflation is going, which were really very high, have now begun to temper. So thats also going in the banks favour. But a crucial issue is that they have raised rates by 5 the impact of that has really taken some time to filter through into the economy, there is sort of turning the type of rate rises on. Turning the tap. We are beginning to see the impact of that now weve seen in the Housing Market, weve seen it in some corporate insolvencies too. So that all leads back to this Balancing Act between crushing inflation, but avoiding a downturn its a tight rope and we are probably approaching the most narrow, trickiest part of tha
Reacted with anger. I strongly disagree with fitchs reacted with anger. I strongly disagree with fitchs decision | disagree with fitchs decision and i disagree with fitchs decision and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. Gf of the democrats used the opportunity to point finger and republicans for their role in the recent Debt Limit Fight of all republicans blame it democrats and Joe Biden For joins of dollars in new spending for the many economists dismiss the downgrade, includingjp morgan downgrade, including Jp Morgan Chase downgrade, includingJp Mo
Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments Andrew Bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. Scenario for the uk. And, a fine line in terms scenario for the uk. And, a fi
unaffordable. so, she does what she can to beat the winter chill but worries about the future. ., , . , future. power prices will increase future. power prices will increase by future. power prices will increase by 20-25%. - future. power prices will increase by 20-25%. i. future. power prices will - increase by 20-25%. i cannot increase by 20 25%. i cannot afford that. i don t know how we re going to survive this time with a huge cost of living rising, the rise of energy bills and, you know, really extreme weather. western sydney s extreme weather. western sydney s first extreme weather. western sydney s first community l sydney s first community battery stores excess solar energy from nearby houses. residents without rooftop panels can join the scheme that aims to reduce soaring bills. protection from the heat, from the cold, and at the end of the day, they find they cannot afford it. day, they find they cannot afford it day, they find they cannot afford it. , , afford it. s