By the time of the May Board meeting, there was evidence that the pace of underlying inflation had started to pick up. I myself felt that the Board was still well placed to sit still at that time.
As a boy I always knew which parent would accept my story, though it would have meant a few extra chores to do about the house. Schools and communities that need money go to their members or the public to raise funds. People and businesses usually go to a bank to borrow when they need money.