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Will high interest rates cause a housing crash?
The Story
The Bank of England's Rate Rise
I do think that there's a lot of pain coming and we don't yet know how that's going to play out. I didn't really think inflation was done in the last few months, partly because I've been looking at other inflationary periods over the 20th century. Just because you've seen one peak, it doesn't mean that it's over. And so the commitment to fighting it will be tested again and again.
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