As we posted about several international major banks suddenly raising their interest rates a half a point to 5% today note the following economic impact in REAL percentages

Kate Bevan

@katebevan

·

17h

Once again I am begging you to remember that if the base rate goes from 4.5% to 5%, that is *not* a rise of “half a per cent”. It is a rise of half a percentage point, and a rise of 11.11% in the interest rate.