How bad boy
Full Member
Yep.The Bank of England notes that markets now expect Bank Rate to average 5.5% for three years - which implies mortgage misery (2 yr mortgage rates of 6% plus) will be with them till long after the next general election.
View attachment 22337
House price falls and recession to follow?
I wonder if there's a reason why the UK's inflation rose higher than other developed economies and is falling slower?
![1687436870923.png 1687436870923.png](https://www.peoplesrepublicofcork.com/forums/data/attachments/13/13655-2663b38d58876551d58caa4ff9b0ee2a.jpg)
And why is it the markets clearly think inflation is going to stay higher longer term in the UK?
![1687436975205.png 1687436975205.png](https://www.peoplesrepublicofcork.com/forums/data/attachments/13/13656-ea8588fe797217025c884b82eaaea507.jpg)
It's a complete mystery.