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zahidf
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Its worked in the states who were raising earlier and more aggressively whilst we were talking about inflation being "transitory"

There is also the small matter than our central bank monetized more debt during covid so we probably should of been more hawkish than the fed.

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3 minutes ago, steviewevie said:

well energy prices are dropping, so surely that will have a knock on effect eventually.

Hopefully though OPEC are cutting right now. The Saudi's don't appear to like Biden and are siding with Russia.

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  • Food and non-alcoholic beverages: 19.1%

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4 minutes ago, steviewevie said:

anyway...we're not out of the shit yet...and all that helps labour to win the next election (but might not make life that easy for them once they are in office).

A lot of problems they'll need to offer solutions for but there aren't solutions for many so it's going to be a hard sell.

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