this post was submitted on 10 Aug 2023
2 points (100.0% liked)
Personal Finance - UK
189 readers
1 users here now
A personal finance community for feddit.uk
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You're right, but that's the accepted economic policy in the situation. Increase interest rates to make debt more expensive and remove buying power from the population because too much demand drives prices up.
It's GCSE level economics, but seems to be the only thing those in power know how to do. It's quite shameful really.