Thursday, Oct 04, 2007
It'll do yu good.
Telegraph: The Bank's not in panic mode on interest rates
However, despite the threats to the economy, the Bank will not lose sight of the fact that low interest rates encourage indebtedness, and with Britain already the most indebted nation in Europe, interest rates will have to remain high for longer than many people expect.
Likewise, inflation remains a concern. The Consumer Price Index may have dropped beneath the 2pc targeted by the bank, falling to 1.8pc in August. However, oil prices have since risen back up to record highs, and most surveys suggest manufacturers and services companies are preparing to raise their prices further.
Posted by cheeky charlie @ 03:13 PM (165 views) Add Comment
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