Sunday, May 13, 2007
So that's OK then.
The Times: Inflation to fall below 3%
INFLATION is set to drop back below 3% this week, easing pressure on the Bank of England. But analysts warn that it is too early to sound the all-clear on interest rates.
Analysts expect this week’s figure to show a fall to 2.8%, on the way to a sharper drop to the 2% target level later in the year.
The British Chambers of Commerce is assuming that the Bank will raise rates further to 5.75%, even though the organisation believes that would be overkill.
Posted by little professor @ 09:16 AM (177 views) Add Comment
11 Comments
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1. harold said...
"INFLATION is set to drop back below 3% this week"
Someone's telling porkies:
http://news.bbc.co.uk/1/hi/business/6645615.stm
2. paul said...
It's Noshbag Smith!
He said that oil would drop back to $40 a barrel - three years ago! Quick write that in his comments.
3. royston said...
If Smith is predicting a drop in inflation, I think I might just place a little spread bet on a rise!
4. Alexinrent said...
...this is trully a " miracle" economy...
5. Scott said...
I fear that Brown will take the full fall for the housing mess, not these corrupt bankers or bent people in the media.
6. Sitting Tight said...
Sweet. I'll be able to afford that mortgage after all!
7. David20040_0 said...
And therefore rates will drop again adding further fuel to the house price rises.
8. enuii said...
Has someone fiddled with the shopping basket?
9. talking rot said...
It's Noshbag Smith!
He said that oil would drop back to $40 a barrel - three years ago! Quick write that in his comments.
I know this is a repeat of Paul's comment but it hits the nail on the head so effectively I thought it was worth saying twice!
10. tyrellcorporation said...
Didn't they recently increase the weighting of utility bills 'to reflect the rising importance of these items in personal finances'.
...Just as they are getting cheaper!!! Cynical? Moi!
11. paul said...
I do believe the moniker "noshbag" was originally yours, TR - I shorthold leased it - just for the day.