Nov

Was the Base Rate increase an overreaction?

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Was the Bank of England’s decision to increase the Base Rate from 0.25% to 0.5% and overreaction to artificially high inflation figures or can we anticipate potential future adjustments upwards?

One of they key factors expressed several times by Mark Carney and his team for the increase in Base Rate is the erosion of slack within the economy with unemployment falling to a 42 year low and global growth at a much higher overall level than the UK’s.

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