Rate predictions 2022, 2023

Millyonare

Food inflation continues to soar, for now. Was in Morrisons and Tesco yesterday, and baked crisps have doubled +100% in 3 months, fish fingers have spiked +15% in a month, while limoncello (drink) is up +10% in a week. Getting harder and harder to find any substantial food priced under £1.

Martico

Millyonare said:

Food inflation continues to soar, for now. Was in Morrisons and Tesco yesterday, and baked crisps have doubled +100% in 3 months, fish fingers have spiked +15% in a month, while limoncello (drink) is up +10% in a week. Getting harder and harder to find any substantial food priced under £1.

I love your diet!

ChilliBob

Avocados are still often on offer for 49p in Tesco and Sainsbury's

Lots of the 'craft beer' 4 packs are often £5 or so which seems like they have been for years.

Yeah, other stuff is hella more expensive for sure, but bizzarely not everything. 

RG2015

Millyonare said:

Food inflation continues to soar, for now. Was in Morrisons and Tesco yesterday, and baked crisps have doubled +100% in 3 months, fish fingers have spiked +15% in a month, while limoncello (drink) is up +10% in a week. Getting harder and harder to find any substantial food priced under £1.

It looks like you have posted on the wrong thread and the wrong board.

This is the savings and investment board and this thread is about the Bank of England interest base rate

You may get some better responses elsewhere, Food Shopping and Groceries perhaps.

https://forums.moneysavingexpert.com/categories/food-shopping-groceries

ChilliBob

Was an amusing detour though!

According to the Independent, if Truss gets in some of her policies could result in 7% interest! - that feels like it would cause all kinds of problems for many people. As someone zero debt or credit cards and cash sitting in 1.5% odd accounts that would be most welcome.

I suspect if she came into power the policies would be watered down somewhat to raise rates, but not to anything near 7%!

Type_45

ChilliBob said:

Was an amusing detour though!

According to the Independent, if Truss gets in some of her policies could result in 7% interest! - that feels like it would cause all kinds of problems for many people. As someone zero debt or credit cards and cash sitting in 1.5% odd accounts that would be most welcome.

I suspect if she came into power the policies would be watered down somewhat to raise rates, but not to anything near 7%!

The interest rate probably should be around 7%.

I'm not saying I want that or they should do it. Quite the opposite. They should be printing money again.

ChilliBob

I'd be delighted if it was 7%!

Type_45

ChilliBob said:

I'd be delighted if it was 7%!

You wouldn't be because the economy would collapse.

ChilliBob

It wouldn't certainly cause more than ripples thats for sure. As stated previously on this thread though it has been over this before, indeed, for quite a while, and I'm not taking like on 1847 or something!

Alas, a derailment, as whilst nothing can be ruled out I think I have a greater chance of scooping the jackpot on the premium bonds than seeing 7% interest any time soon! 

Lastonestanding

Type_45 said:

The interest rate probably should be around 7%.

I'm not saying I want that or they should do it. Quite the opposite. They should be printing money again.

Whether Truss gets in, an election around the corner often means a Government give away.