Monday, Apr 23, 2007
Let's have a 0.5% rise
The Times: Fate of sterling is out of Chancellor’s hands
The Bank’s task is not just to keep inflation below the 3 per cent “ceiling”, but to get it all the way down to the 2 per cent official target as quickly as possible — and then keep it there.
If this is really the Bank’s objective (and the law says it should be), then there is an overwhelming case for a half-point rate hike next month.
The official inflation figures are widely disbelieved, with a widespread view that the old retail prices index, which is rising by 4.8 per cent, represents inflation more accurately than the CPI. So if Mr King is serious about curbing inflationary expectations, a hint of panic might be in order.
Posted by little professor @ 08:09 AM (147 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
Glorious Sunshine, do you have a perspective from your BTL experience?
How is it looking and are you considering selling?
Is it still viable if IR hits 5.75% or even 6%?
You're probably best placed to give an anecdotal opinion in the current economic conditions.