Quite simply they are doing this because of inflation and the rate of Price Increases and the International Comparisons are clear, although inflation is falling, in the uk it is not falling by as much or down to as low a level as it is elsewhere in europe in the us, and the us, and the bank has been talking up food prices and the amount we pay for services and the speed that wholesale, lower wholesale prices are being passed through the supply chain to us. The bank talked about crystallising risks, essentially the fear that when it comes to private sector wage growth, rings might be becoming embedded so they argued they needed to continue acting despite the impact it will have on households and businesses and we know the impact it will have on uk households and Mortgage Holders and also those ran singh. Also a warning from the bank also those renting. They said the rates will be high for a while, they are expecting inflation to meet the target of the Prime Minister, to half inflation t
policy then we are getting, but we are not in that world. are not in that world. let s talk about broadening are not in that world. let s talk about broadening this - are not in that world. let s talk about broadening this out. - are not in that world. let s talk| about broadening this out. why are not in that world. let s talk i about broadening this out. why is are not in that world. let s talk - about broadening this out. why is it that the uk still suffering from the stubbornly high core inflation? it is going down but it is still pretty high and we seem to be suffering in a way that other countries are not. it is a bit of a mystery. it could be that our policymakers were a bit slower to react than others or it could be something to do with the economy, lingering effects of brexit, or to do with the exposure of our agricultural sector and the energy supply sector to the shocks that vladimir putin s invasion of ukraine hit us with. if that vladimir putin s invasion of ukraine hit