Quote:
Originally Posted by Paulie Walnuts
Unneeded hike.
Lots of people will be unable to afford mortgage payments and other debts.
Everything is still expensive and over priced.
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Inflation increased to 4.4% in April and first quarter gdp was 3.1%. The central banks concern isn't whether renewing mortgagors can afford the new payments. That's a small part of the whole picture. Purchases of interest-rate sensitive goods are increasing. House prices are increasing. The exact opposite of what you want to see if you're trying to decrease inflation.