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The magical, mystical, 5% barrier....

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Comments

  • thefrank
    thefrank Posts: 264 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    edited 16 May 2023 at 1:26PM
    Should inflation start to drop (next data due in a week or so) the 5% rate will remain both a physiological and a psychological barrier for quite a while ...
    Also from today news:
    (Reuters) -Britain's unemployment rate rose and there were other signs of less inflationary heat in the labour market in data published on Tuesday, prompting investors to scale back some of their bets on further Bank of England interest rate hikes.
  • Millyonare
    Millyonare Posts: 554 Forumite
    500 Posts Third Anniversary
    eskbanker said:
    VNX said:
    I agree the difference between 4.8/4.9 and 5 is as good as nothing I think some see it as a physiological barrier
    Seems rather more likely to be seen as a psychological barrier!
    We all know 4.90% is a rubbish rate. But 5.00% is a brilliant rate  ;)
  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    edited 30 May 2023 at 6:48PM
    Thumbs_Up said:

    Sit on your hands and wait for 5.5%..Coming next week. Have a good weekend all.


    How do i change my handel to" The Oracle" ? Ok, i should have said next month.








  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    RG2015 said:

    And I would have thought a better Handel would be Messiah.

    Messiah? are you honouring me or trying to trigger me? It seems you have the blind followers. As for Handel, for sure he turned me into a Teutonophile, especially when he produced Zadok the Priest, a very British patriotic anthem.



     





  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    Goodbye 5%. Hello 6%. B)
  • RG2015
    RG2015 Posts: 6,217 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Thumbs_Up said:
    Goodbye 5%. Hello 6%. B)
    And the only reason is that inflation will remain much higher than expected for much longer than expected.

    Hardly a situation to be celebrated.  :'(
  • Thumbs_Up
    Thumbs_Up Posts: 965 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    RG2015 said:
    Thumbs_Up said:
    Goodbye 5%. Hello 6%. B)
    And the only reason is that inflation will remain much higher than expected for much longer than expected.

    Hardly a situation to be celebrated.  :'(
    I'm a mere small cog in the UK plc, but your lament is noted.


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