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Reuters: Mpc Will Begin Hikes According To More Economists

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LONDON (Reuters) - Official interest rates look almost certain to remain on hold for a ninth successive month on Thursday but a
growing minority of analysts is predicting the next move in borrowing costs will be up, not down.
Hopes for lower rates after last August's hotly-debated quarter point cut have evaporated in financial markets and most economists now expect the Bank of England's Monetary Policy Committee to leave rates at 4.5 percent for the rest of this year.
Only one of the 45 economists polled by Reuters last week predicted the MPC will cut on Thursday -- she is at lobbyists the Confederation of British Industry -- and a small minority still expect another cut although
that pool is shrinking

The economic cycle cannot be beaten. Al and his protege', Gordon, tried to beat it after 9/11 and caused worldwide assett bubbles (including housing). Now the imbalances must correct themselves by higher rates than would have been necessary had recession come when it was due. Mix in the pressure on rates from Asia and you have the makings of the biggest IR storm in recent memory.

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  • 309 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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