Sunday, April 23, 2006 

Base rate is artificially low due to migrants 

Scotsman: EU incomers 'keeping interest rates down'
Times: Migrants 'have kept interest rates down'

The Ernst & Young Item club argues that if we didn't have EU migrants then interest rates would be 0.5% higher. With increased migration this will subdue the base rate by up to 1% in the coming months.
posted by Webmaster  @ 3:12 PM 8 comments


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