Tuesday, May 22, 2007
The evidence keeps piling up for further rate rises
Reuters: Faster UK money supply growth bolsters rate hike bets
"Britain's broad measure of money supply rose at its fastest annual pace in six months in April, boosting expectations that interest rates still have further to rise" It's not the only factor the BOE look at when setting rates, but it's got Mervyn's attention...
Posted by leggy @ 12:34 PM (168 views) Add Comment
5 Comments
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1. dohousescrashinthewoods said...
I'm just shocked they have ignored it to the extent they have to date.
Hasn't the US hushed up the money supply figures and stopped publishing them?
2. harold said...
FX markets have wind of this - the £ is up in anticipation of .25 in June.
3. C'mon Correction said...
With news like this, base rates will hit 6% without doubt.
Does anyone know what the latest personal debt figure is of the UK population? The last time I saw it published it was approx 1.28 Trillion, that was about Xmas time, surely it's higher now. Is the source of these figures updated regularly somewhere? Thanks.
4. Leggy said...
I did a google search on 'personal debt uk' and found that it's up to £1.318 tr at the end of March (www.creditaction.org.uk/debtstats.htm). Not sure how reliable this source is.
harold, what's happening on the 25th June?
5. C'mon Correction said...
Thanks Leg. Be interesting to see it after April and May's debt on top !