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47 sats \ 2 replies \ @Satosora 1 Aug \ 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?
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41 sats \ 1 reply \ @TomK OP 1 Aug
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
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0 sats \ 0 replies \ @Satosora 1 Aug
Seems a bit off. Others are raising their interest rates.
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