Friday, Mar 02, 2007
Economy still growing
Telegraph: Bank unlikely to raise rates
The CBI released figures showing there is still demand among consumers and the manufacturing industry is continuing to enjoy good sales, despite interest rate rises. There is also concerns that inflation will psuh further away from the Bank of England's atrget. However, there is scant belief that the MPC will take action by raising interest rates before the summer.
Posted by jellycaster @ 08:44 AM (148 views) Add Comment
3 Comments
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1. paul said...
These experts have unprecedented track records of getting it utterly wrong.
We'd be better off using monkey bones for predicting MPC decisions.
2. Surfgatinho said...
"Bank unlikely to raise rates" not what the other newspapers are saying. It will be a close call
3. C'mon Correction said...
I'm not that convinced we'll see rate raise in March. No doubt we will have a rise by May at the latest, BUT - I think Gordon Brown will lean on his ONS dept with all his might to fudge the inflation figures to present to the BOE for the next few months - absolutely no doubt he will.
Why else was he so brazen and arrogant about insisting public sector workers should accept 1.9% cost of living and be happy with it? The government knows things are at cirtical point in the economy and with GB wanting to take over power, I would believe he will do ANYTHING to keep things smooth.