Thursday, May 24, 2007
Winds of change are blowing in The Indepedent
Independent: Hamish McRae: Don't blame MPC for steering rates up, global liquidity is the backseat driver
This is the first time I can recall Hamish McRae stating the garden may not be full of roses afterall. An interesting article which highlights the need for higher interest rates due to global pressures.
Posted by talking rot @ 04:57 AM (136 views) Add Comment
2 Comments
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1. sovietuk said...
Ho Ho Ho, the perfect situation, countries locked in a battle to protect their currencies by raising interest rates all round. EXCELLENT.
2. mike said...
In Soviet Russia, interest rates rise YOU!
I am finding it quite amusing on this blog, that often the comments predict the future as far as news pieces go.