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Interest Rates Going Up

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Interest rate futures are starting to price in rate rises next year as strategists argue that BoE policymakers will be more concerned about keeping inflationary pressures down just like their colleagues in the euro zone and the United States.

Inflation hit 2.5 percent in September, marking the third month above the BoE's 2 percent target.

"As the data continue to firm and upside risks to inflation build, we believe the MPC will adjust interest rates higher in the New Year," said Alan Clarke, UK economist at BNP Paribas.

........Rhetoric from BoE officials has been increasingly hawkish, led by Governor Mervyn King, who was outvoted in the close 5-4 split in August's decision to cut rates.

Even Richard Lambert, perceived as one of the most dovish MPC members, recently said his decision to cut rates in August was the toughest one he's had to make, which analysts took as a signal he's not about to vote for another cut any time soon.

Minutes to the October rate meeting showed that the MPC did not even discuss a rate cut but rather said that if second-round effects from higher energy prices took hold, "the committee would need to run a tighter monetary policy than would otherwise have been the case."

[Extracts from Reuters]

Edited by gruffydd

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Can someone post the link again to where to watch this??

How about on the front page a set of links to bubbs 5 builder house index, these interest rate futures and lots more??

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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