Comments by "boz" (@BOZ_11) on "LBC"
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@henrysnowdon7563 "Interest rate hikes lower inflation"
---This present round of inflation was caused by energy price hikes (around 70% increase, which is enormous). Since all goods and services require energy, rising energy costs have increased prices everywhere. The BoE's response should have been to drop rates near zero, instead, they exacerbated the situation by making money, credit, mortgages, loans etc more expensive. Any fall in prices due to decreased consumer spending (from hiked rates) will barely make a dent in the face of higher rates and energy prices, and rich individuals/businesses causing price inflation with housing and rents.
As for your last point, private sector growth can only happen through public sector investment and/or cheap credit to businesses (which require low rates!).
If you go through historical interest rates and inflation, you'll see that more often than not, price inflation tends to proceed rate hikes, not precede.
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The 2008-2009 Gaza War (Operation Cast Lead): This 3-week conflict left over 1,000 Palestinians dead, many of whom were civilians.
The 2014 Israel-Gaza conflict: During 50 days of fighting, over 2,100 Palestinians were killed, according to the UN Office for the Coordination of Humanitarian Affairs. 66 Israeli soldiers and 7 civilians in Israel were also killed.
2021 Israel-Gaza crisis: After clashes in Jerusalem, Palestinian militants fired rockets and Israel carried out airstrikes over 11 days. Over 240 Palestinians were killed, including 66 children. 12 people in Israel also died from rocket fire, including 2 children.
The King David Hotel bombing was an attack carried out by the militant Zionist group Irgun on July 22nd, 1946. This attack killed over 90 people and was one of the deadliest terror attacks during the British Mandate period in Palestine prior to Israeli independence in 1948
Not to mention the Nakba in 1948, when 750,000 Palestinians were driven from their homes by the Zionists
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@snakeplissken526 The 2008-2009 Gaza War (Operation Cast Lead): This 3-week conflict left over 1,000 Palestinians dead, many of whom were civilians.
The 2014 Israel-Gaza conflict: During 50 days of fighting, over 2,100 Palestinians were killed, according to the UN Office for the Coordination of Humanitarian Affairs. 66 Israeli soldiers and 7 civilians in Israel were also killed.
2021 Israel-Gaza crisis: After clashes in Jerusalem, Palestinian militants fired rockets and Israel carried out airstrikes over 11 days. Over 240 Palestinians were killed, including 66 children. 12 people in Israel also died from rocket fire, including 2 children.
The King David Hotel bombing was an attack carried out by the militant Zionist group Irgun on July 22nd, 1946. This attack killed over 90 people and was one of the deadliest terror attacks during the British Mandate period in Palestine prior to Israeli independence in 1948
Not to mention the Nakba in 1948, when 750,000 Palestinians were driven from their homes by the Zionists
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