Prime Minister Rishi Sunak said he understands that people will feel 'anxiety' following interest rate hike, adding that he's '100% on it' and it's 'going to be okay'.

Bank of England Rate Rise Actual = 0.5% Forecast = 0.25% Current Interest Rate = 5%

The AIM ALL Share has closed at 767.07 down (-0.82%), below it's October low of 775.61

Even though the CPI (YoY) (May) came in unchanged at 8.7% when it was forecast to come in at 8.4% the PPI or Producer Price Index is telling a different story.

The Producer Price Index measures a change in input prices of raw, semi-finished or finished goods and services. It's a good indicator of future inflation. It dropped by -1.5%, predicted to come in at -0.5%.

This is the biggest drop since lockdown in May 2020.

Do the Bank of England know what they are doing?

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