Wednesday, Apr 18, 2007
Here we go ... Base rates going ... up ... up ... up >>>
Times Online: Letter to Brown as inflation passes 3%
"Mervyn King rounded off Gordon Brown’s decade as Chancellor yesterday by sending him his first letter explaining why inflation had risen above the 3 per cent mark, to its highest level for more than 14 years." "Short sterling traders moved to fully price in a rise in rates to 5.5 per cent in May and another quarter-point rise by the autumn, after Mr King gave warning that a consumer recovery may have given businesses the green light to raise prices."
Well it's arrived now, 5.5% next month and 5.75% in the summer ...
Posted by fahrenheit451 @ 10:44 AM (212 views) Add Comment
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