In 2020 the bank rate was 0.75% (I think?) and the inflation rate was 2%. The real interest rate was therefore minus 1.25%.
Today the bank rate is 3.5% and the inflation rate is 11%, meaning the real interest rate is minus 7.5%.
Interest rates are being increased, dramatically and without reason
Smurf³ believes that falling real interest rates are, in fact, an increase in interest rates.
Well done that man, vry well done.