Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by skybrian on Friday March 24, 2023 @12:24PM
(#35291395)
> In an inflationary economy, the winners are rich who have valuable assets whose value skyrocket - think real estate, businesses, etc.
On the other hand, rising interest rates causes all assets to decline in value, and the decline is worse depending on how far away the "maturity date" is. It looks like the UK has been raising rates, similar to the US. [1]
On the other hand, rising interest rates causes all assets to decline in value, and the decline is worse depending on how far away the "maturity date" is. It looks like the UK has been raising rates, similar to the US. [1]
[1] https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.a...