Jump to content
House Price Crash Forum

Latest Oecd Report On Uk Economy

Recommended Posts


Latest OECD Report on UK economy

And extracts from an article in the Irish Sun - "PARIS (AFX) - The OECD said there is not yet any reason for the Bank of England to cut interest rates again.

'Given that the level of output is currently close to capacity, that inflation has been increasing and is now above target and short-term indicators suggest growth may return to trend, there is not a compelling case for further rate cuts,' the organisation said in a report on the UK economy.

It said the Bank of England's decision to cut its repo rate to 4.50 pct from 4.75 pct in August already provides some insurance against downside risks which cloud the short-term growth outlook, such as the possibility of prolonged economic weakness in Europe, higher oil prices and a housing market downturn."

Edited by gruffydd
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.