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jjeffery worboys
Sky News
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Comments by "jjeffery worboys" (@jjefferyworboys8138) on "Interest rates see biggest hike in 27 years" video.
An excellent analysis, made very easy to understand. I was however surprised that he considered base rate only needed to rise to 3%. I recall in 1979 when it peaked at 17% !
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Absolutely and there is still a very along way to go. Having spent my working life in Banking, I can remember in 1979 when base rate peaked at 17%.
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I can recall when a mortgage rate of 4.5% would have been cause for celebration ! In 1979 base rate peaked at 17%.
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Im pleased, we need a return to reality not the artificially low rates of recent years. I look forward to further increases this year and next levelling out @ 5%. In 1979 it peaked at 17%.
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