Monday, Feb 05, 2007
Guessing game begins
FT.com: BoE keeps City guessing on rates
Will they or won't they? That is the question on the lips of most forecasters as they seek to divine whether the Bank of England will follow last month's earlier-than-expected rate rise to 5.25 per cent with another increase this week.
Only five of the 62 economists surveyed by Reuters in recent days think the Bank's monetary policy committee will stage a back-to-back rise at the end of its two-day meeting on Thursday. But that scarcely amounts to conclusive evidence: after all, in the same survey a month ago only one economist predicted a January increase.
Expect to see cautionary press-releases from RICS and Halifax.
Posted by dohousescrashinthewoods @ 12:17 PM (128 views) Add Comment
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