Economics: Important Stuff

Who knows if anyone will read this.

Regardless, this stuff needs to be said.

Does anyone who makes decisions on Interest Rates in the UK and the US have any idea what the effect is on the ordinary Joe? These policy makers seem to be stuck on the same old theme of inflation, inflation, inflation, and interest rates must go up to keep inflation on track.

I just don't get the facts and figures being quotes on house price inflation in the UK, and the effect these figures are having on the MPC to raise interest rates or not. Besides West London, which apparently has more Billionaires than any other City in the World, where else have house prices risen by the amounts that organisations are reporting. Certainly not where I live near Northampton. Prices are not going up and are static at best.

However, the result of these house price surveys is having an effect on decisions being made about Interest Rates, which affect all of us.

High street inflation is minimal. Anyone with with a GCSE 'C' grade can see this, surely, that high street prices aren't going up, generally. Energy prices have obviously had an effect on the cost of services and goods and therefore on inflation. The price of energy has taken so much out of the wallet of most individuals that there isn't a need for Interest Rates to go up as well.

Do these people think that by putting up interest rates it's going to help?

Clive205.