2543: The Weekend Podcast - Rishi Stop Pretending
Prime Minister Rishi Sunak said he understands that people will feel 'anxiety' following interest rate hike, adding that he's '100% on it' and it's 'going to be okay'. Bank of England Rate Rise Actual = 0.5% Forecast = 0.25% Current Interest Rate = 5% The AIM ALL Share has closed at 767.07 down (-0.82%), below it's October low of 775.61 Even though the CPI (YoY) (May) came in unchanged at 8.7% when it was forecast to come in at 8.4% the PPI or Producer Price Index is telling a different story. The Producer Price Index measures a change in input prices of raw, semi-finished or finished goods and services. It's a good indicator of future inflation. It dropped by -1.5%, predicted to come in at -0.5%. This is the biggest drop since lockdown in May 2020. Do the Bank of England know what they are doing? Good Energy #GOOD Trufin #TRU Polarean Imaging #POLX Invinity Energy Systems #IES