It Begins
"The Bank of England has raised interest rates for the first time in more than three years, in response to calls to tackle surging price rises.
The increase to 0.25% from 0.1% followed data this week that showed prices climbing at the fastest pace for 10 years.
"It came despite fears the Omicron variant could slow the economy by causing people to spend less.
Money flows will be interesting to watch World wide the rate variations are significant .
(Excuse my typo)
The historic lows to >8% in Turkey Link above is old rates.
2 Hours ago report suggest Turkey has "Its central bank cut its main interest rate by 1%, from 15% to 14%, amid concerted pressure from President Recep Tayyip Erdogan for rates to be cut to stimulate the economy.
He believes pushing interest rates lower will help alleviate red-hot inflation.
" link
That last line is 'if true' amazing stupidity by President Erdogan!
"Turkish lira dips to new low after another interest rate cutTurkey’s Central Bank has again cut interest rates despite soaring consumer prices that are making it difficult for people to buy food and other basic goods"
