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

francoghezzi

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

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 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.

RG2015

Thumbs_Up said:

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.

But it's only 5.25% not 5.5%.

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

Thumbs_Up

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

Goodbye 5%. Hello 6%.

RG2015

Thumbs_Up said:

Goodbye 5%. Hello 6%.

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

RG2015 said:

Thumbs_Up said:

Goodbye 5%. Hello 6%.

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.