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Economics

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lammo Nov 2022 12:45pm, 3 Nov 2022 11,614 posts	Quote Pin lammo I would have voted for 50bps i think. Don't think i can argue with your last point Ocelot Spleens
lammo Nov 2022 9:22am, 16 Nov 2022 11,654 posts	Quote Pin lammo So, inflation hits 11.1% officially, will that affect tomorrows announcements? Probably not in my view, but when and where will the peak be?
MAG Nov 2022 9:31am, 16 Nov 2022 287 posts	Quote Pin MAG I think it largely depends on the gas price. If that goes down, inflation goes down, if that goes up inflation goes up. Over generalisation but that is the main actor. War in Ukraine and how Russia exits the war. If Putin is removed will the West find a way to work with Russia again? If Russia pay reparations for Ukraine war, it will be paid for by selling gas and oil to the west, but only if we can cuddle up to a new leader/regime. Until all that happens I think we are utterly at the merci of the gas (and oil) price. We need to get the electric price rates decoupled from the gas price, that would help.
Ocelot Spleens Nov 2022 10:35am, 16 Nov 2022 35,296 posts	Quote Pin Ocelot Spleens I keep reading stuff that says the peak has just about been reached. A problem that may scupper that will be what Hunt does in terms of helping people with energy bills. It is thought, I.e. leaked, he ain't doing that much, given current problems with energy and food are built in. It will decrecreae pretty quickly across the whole of next year. But really, who flipping knows!
HappyG(rrr) Nov 2022 4:38pm, 16 Nov 2022 44,635 posts	Quote Pin HappyG(rrr) 11.1% G
lammo Dec 2022 11:57am, 14 Dec 2022 11,724 posts	Quote Pin lammo Well OS you may have been correct, s inflation has dropped slightly in November. Anybody know when the BoE base rate announcement is? I thought it would be today...
Ocelot Spleens Dec 2022 12:07pm, 14 Dec 2022 35,707 posts	Quote Pin Ocelot Spleens I think, he says putting his prescription prediction glasses on, bank interest rates are going up again, that ought to push inflation down further.
lammo Dec 2022 12:51pm, 14 Dec 2022 11,725 posts	Quote Pin lammo By how much and how quickly? How's your crystal ball? 0.5% rate rise seems to be being touted, i feel that might be a bit much
GlennR Dec 2022 1:29pm, 14 Dec 2022 66,977 posts	Quote Pin GlennR BoE is Thursday.
Ocelot Spleens Dec 2022 1:32pm, 14 Dec 2022 35,712 posts	Quote Pin Ocelot Spleens Oh yes it is. Newspapers seem to agree 0.5%