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

[Realistbear]

http://uk.finance.yahoo.com/news/Faster-rate-hikes-needed-Bank-reuters_molt-2201675241.html?x=0

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 March 3, 2011 by Realistbear

[MrFlibble]

It's just one excuse after another with these cretins...

Once borrowers have all the wealth of the savers will rates then start to rise maybe? Just curious is all

I'd rather hold Gold and loose money on it than keep it in this corrupt system.

[Guest]

Every time I read an article like this, a little more of my capital leaves the UK banking system, (and fractional reserve banking multiplies the effect)

[long time lurking]

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 March 3, 2011 by long time lurking

[Errol]

The BoE has to maintain credibility.