Religion and Ethics Forum

General Category => Politics & Current Affairs => Topic started by: Nearly Sane on January 15, 2025, 12:38:03 PM

Title: Surprise fall in inflation boosts interest rate cut hopes
Post by: Nearly Sane on January 15, 2025, 12:38:03 PM
Some good news!

https://www.bbc.co.uk/news/articles/cg45lwkx23xo
Title: Re: Surprise fall in inflation boosts interest rate cut hopes
Post by: jeremyp on January 16, 2025, 09:18:36 AM
Quote from: FTA
The drop was driven by hotel prices falling and smaller rises in airfares than usual, but prices continue to rise faster than the Bank of England's target.

No interest rate cut then.
Title: Re: Surprise fall in inflation boosts interest rate cut hopes
Post by: Nearly Sane on January 16, 2025, 09:55:01 AM
Quote from: jeremyp on January 16, 2025, 09:18:36 AM
No interest rate cut then.
It's not really that simple.

"After the inflation figure, investors increased bets on the likelihood of an interest rate cut next month and are backing a second cut by the end of this year."
Title: Re: Surprise fall in inflation boosts interest rate cut hopes
Post by: jeremyp on January 17, 2025, 11:57:54 AM
Quote from: Nearly Sane on January 16, 2025, 09:55:01 AM
It's not really that simple.
Is it not?
Quote
"After the inflation figure, investors increased bets on the likelihood of an interest rate cut next month
If the likelihood is 20% rather than 10%, it has gone up but without being probable.