Tuesday, Dec 11, 2007
Hopes are hurt! But whose hopes?? Not mine
Times: Hopes of more rate cuts from Bank hurt by rise in factory-gate inflation
In a more encouraging indicator for the Bank, output prices apart from food and energy were subdued. Core output price inflation, which excludes food, drink, tobacco and petrol, softened to 2.2 per cent in November from 2.3 per cent the month before. Seema Shah, of Capital Economics, said: “With the housing market outlook darkening, it is simply a matter of time before the CLG house price data also show evidence that the housing market correction is under way.”
Posted by confused76 @ 08:57 AM (201 views) Add Comment
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