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Faster Rate Hikes May Not Be Needed - Bank's Bean

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Faster rate hikes may not be needed - Bank's Bean
David "Dave" Milliken and Fiona "Fifi" Shaikh, 16:37, Thursday 3 March 2011
LONDON (Reuters) - Inflation next year may exceed current Bank of England forecasts, but risks to growth mean interest rates should not automatically rise faster than markets expect, Deputy Governor Charles Bean said Thursday.
Markets anticipate two or three rate rises in 2011, starting in the middle of the year, and Bean's comments -- which highlighted the fragility of the economic recovery -- suggest he would not support any faster pace of tightening.

Read that risk to HPI. It ALL stands or falls on house prices: The Pounmd, jobs, the banksters welfare.................. One hike and Kapooof its all gone.

Edited by Realistbear
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I think this is all starting to smell like just before Lehman's went down

Remember the one eyed scottish idiot saying we have no sub-prime ,all are banks are sound

No need to worry Captain Mannering it`s all under control

Like feck it is the the pressure is is becoming to high bare ,and with Mystic Merv very keen to reminding everyone that it was the bankers fault for the biggest squeeze in living standards since the 1920`s

And with the yellow and blue poodles towing the party line of, we were left with the biggest housing bubble/boom,methinks the time is acometh sooner rather than later

Edited by long time lurking
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