pull down to refresh
47 sats \ 2 replies \ @Satosora 1 Aug 2024 \ on: Bank of England Cuts Interest Rate for First Time Since Covid econ
This means they have a strong economy, right?
Or am I reading into this wrong?
I thought they would be increasing it?
It's the opposite. In the keynesian logic You need to lower rates (make money cheaper) to stimulate aggregate demand. That's voodoo economics but it's pur reality
reply
Seems a bit off.
Others are raising their interest rates.
reply