Tuesday, Apr 22, 2008
Mr Blanchflower, do you hear me???
Yahoo France: BCE could increase interest rates if necessary
The Banque de France Governor declared that the BCE could adjust rates to make sure that inflation gets below 2% in 2009.
Luxemburg declared that the central bankers should ask themselves each month if an increase in rates could be justified.
"Nobody in BCE is talking anymore about a decrease in interest rates" said an anonymous source in the BCE".
Look down the drain! What is it??? A £20 note... The era of cheap stuff comming from abroad might be over for some times here... Sad. Haven't heard Blanchflower crying for rates cuts for a few days... I start to feel concerned about his health. Anybody heard from him? At least that will help to bring back the theory of foreigners buying properties in the UK to justify the supposed gap between demand and supply.
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