{"id":35955,"date":"2023-04-25T17:03:53","date_gmt":"2023-04-25T17:03:53","guid":{"rendered":"https:\/\/fusefornews.com\/2023\/04\/25\/bank-of-england-economist-says-people-need-to-accept-they-are-poorer\/"},"modified":"2023-04-25T17:03:53","modified_gmt":"2023-04-25T17:03:53","slug":"bank-of-england-economist-says-people-need-to-accept-they-are-poorer","status":"publish","type":"post","link":"https:\/\/fusefornews.com\/?p=35955","title":{"rendered":"Bank of England economist says people need to accept they are poorer"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Part of the Bank&#8217;s job is to keep inflation at its target rate and in response to rising prices it has increased interest rates, which make the cost of borrowing money more expensive. This move, in theory, is suppose make people reduce spending, so that demand for goods cools down and price rises slow.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-65308769?at_medium=RSS&#038;at_campaign=KARANGA\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Part of the Bank&#8217;s job is to keep inflation at its target rate and in response to rising prices it has increased interest rates, which make the cost of &hellip; <\/p>\n","protected":false},"author":1,"featured_media":35956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/posts\/35955"}],"collection":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35955"}],"version-history":[{"count":0,"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/posts\/35955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=\/wp\/v2\/media\/35956"}],"wp:attachment":[{"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusefornews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}