Monday, Jun 11, 2007
Rising long term interest rates
Independent: We've lived for today. Now it's time to start worrying about where the world will be five years
Rising long-term interest rates will hit households, industry and public services - and they remind us that inflation isn't dead, after all.
Posted by becky @ 12:53 PM (133 views) Add Comment
1 Comment
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1. Wage Slave said...
"From a British perspective, while the Bank of England's Monetary Policy Committee did not increase short-term rates (I think unwisely), the financial markets increased long-term rates. The markets, so to speak, did the Bank's dirty work for it."
Shows the MPC for what they are - a bunch of muppets unable to take the initiative in any situation.