this post was submitted on 29 Apr 2024
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Finance

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U.K. banks raising mortgage interest rates…cause inflation hasn’t fallen as much as expected. Can anyone do an ELI5 as to why? (lemm.ee)
submitted 7 months ago by SouthEndSunset@lemm.ee to c/finance@beehaw.org
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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 6 points 7 months ago (1 children)

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

[–] dislocate_expansion@reddthat.com 1 points 6 months ago

Yes, but it's a large part when it comes to human psychology on the bankers' side