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submitted 6 months ago by SouthEndSunset@lemm.ee to c/finance@beehaw.org

As the title says, numerous banks in the U.K., maybe across the world, are raising interest rates on mortgages, and the given reason is cause inflation hasn’t fallen as much as expected. Can anyone give me a basic inflation, other than greed, as to why they’d do this?

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[-] deegeese@sopuli.xyz 4 points 6 months ago

The real world is far more complicated and fractional reserve is just one small part of it.

this post was submitted on 29 Apr 2024
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