The big event this week, for households and small businesses, is whether the Bank of England raises interest rates at midday on Thursday in a bid to contain spiralling inflation. Mortgage lenders and many major city investment banks are certainly betting on a rate hike. We want your thoughts, e.g.
- Is there still too much uncertainty in the economy for the Bank of England to hike rates, even by a nominal amount?
- Should the Bank leave rates where they are and see if the inflation caused by the supply chain crisis drops off during 2022?
- How would an interest rate rise, even a negligible one, affect you and/or your business (e.g. weakened consumer/business sentiment)?
As ever, keep your responses short and sweet. You known what journalists want: soundbites, not In Search of Lost Time.