Bank of England raises interest rates to 3%

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[nigelforbes]

Markets took a dim view and thought the increase was far too dovish, as a consequence the value of the Pound fell. Ouch!

[thaibeachlovers]

I had to read the headline twice as thought misread it.

Having grown up earning 3% interest on a Post Office savings account and mortgage rates of ( if I remember correctly ) 9%, 3% is not much at all, unless one borrowed half a million $ to buy a house they can't actually afford.

[nigelforbes]

Bailley's got a big mouth and the markets don't like him, the Pound is getting hammered, again, and ex. rates will suffer, even if it is only 3%.