Friday, Mar 30, 2007
Why UK interest rates will rise by June
MoneyWeek article: Why UK interest rates will rise by June
News of strong UK retail sales and solid mortgage lending came despite reports earlier this week that consumers' disposable income was squeezed harder last year than for more than 20 years. On top of this, oil prices are heading back to uncomfortably high levels, defying continued forecasts for a decline... All of this adds up to another interest rate rise from the Bank of England's Monetary Policy Committee either next week, or in May.
Posted by mary @ 11:51 AM (194 views) Add Comment
1 Comment
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1. sold 2 rent 1 said...
Money supply growing at 12.7%
That's a doubling every 5.5 years. (Just divide 70/12.7)
In 2020 when we are finally emerging from a decade of depression (from 2010-2020) we will be looking to learn some lessons of how it happend.
A key leaning point is that we ignored money supply and asset price growth just because retail prices were low.