Sunday, May 06, 2007
Surveyors group very concerned
Firstrung: A repeat of the house price 'horrors' of early 90's is only a few rate rises away
Allied Surveyors has warned that the Monetary Policy Committee should keep rates at 5.25% next week if they to avoid a house price slump...Robert Bryant-Pearson, chief executive of Allied Surveyors, says: "There really is no need for interest rates to increase at all. Whilst the Consumer Price Index has crept over 3%, the inflation we have experienced is imported inflation, largely because of the oil spike and food prices. How will punishing families with rate rises help?
Posted by converted lurker @ 05:49 PM (165 views) Add Comment
2 Comments
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1. Papabear said...
Yup - just like clockwork. Expect more pleas from VIs in the run-up to the MPC meeting. Hopefully this time they won't listen and we'll see a .25% (or even .5%) rate rise...
2. lvmreader said...
LIBOR=8%