Wednesday, Apr 18, 2007
Half percent rise?
FT.com: Inflation seals Bank’s interest rate fate
UK interest rates look certain to rise again – possibly by half a percentage point by autumn – after a shock jump in inflation which also pushed sterling above $2 for the first time in 15 years.
Markets were convinced of the inevitability of a 0.5 point increase by the end of the year, while a Reuters survey on Tuesday showed 49 out of 51 economists polled thought rates would rise by a quarter of a percentage point to 5.5 per cent next month.
Posted by dohousescrashinthewoods @ 09:09 AM (184 views) Add Comment
6 Comments
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1. dohousescrashinthewoods said...
I think they will leave it unchanged and say "it will come down of its own accord by the end of the year".
2. sovietuk said...
Quite frankly the people that fix monetary policy in this country insult the intelliegence of the general population. Oh yes let's inflate the money supply to a level higher than almost any other industrialized nation, then moan a little about inflation with half baked spurious excuses and then write a stupid letter to the partners in crime hardly mentioning the real reason for inflation. The word CORRUPTION comes to mind.
3. Scott said...
Sovietuk, you speak about insulting the intelligence of the general population. Considering the debt people are in, it is no suprise the administration can get away with it. There are far more stupid people than non-stupid people. The ploitically correct word for them is consumers.
4. Diddad said...
Sovietuk, just seen on the BBC that the Bank voted 7-2 to hold rates last month. If it's not corruption then it's rank incompetance which is hardly better when you're talking about the livelihood of an entire nation!
Chalk up responsibility to ANOTHER fiasco to GB(H).
5. george monsoon said...
sovietuk
Governments are ALL corrupt! Its just that some are more in tune with public awareness and actually give a toss enough to hide the corruption well.
6. Debt Help said...
the house price crash is a decade cycle that will return by 2020, historic events and economic cylces dictate that without house price crsahes housing markets would not increase in value