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Realistbear

Higher I R And Oil Likely To Be Permanent

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http://today.reuters.com/investing/finance...MY-IMF-RATO.XML

IMF's Rato says high oil prices here to stay

Sun May 28, 2006 5:48 AM ET

MADRID, May 28 (Reuters) - High oil prices are here to stay and
world interest rates are likely to continue to rise,
the International Monetary Fund's Managing Director Rodrigo Rato said in remarks published on Sunday.
"Oil prices are going to remain at high levels given the forecasts of rising demand and the supply limitations," Rato said in an interview with Spanish newspaper El Mundo.
"They bring clear risks of inflation and (risks) to growth," he said, adding that so far most economies had been able to absorb the added cost of oil without much extra inflation.
"Inflationary pressures in the world are being increased by the rise in the price of raw materials, but also by a monetary expansion that has not yet been fully corrected," Rato added.
Although rates have risen in major economies, monetary policy cannot yet be described as restrictive, but that is because inflationary pressures have not yet shown their full strength, he said.
"Looking to the future, we can expect interest rates to keep rising, but moderately. Of course that is unless inflation shoots upwards."

With the ECB moving in June and the Fed 50/50 on going to 5.25% Gordon's bank will be left in the dust unless it gets with the program. HPI and MEW economy-- thy nemesis cometh! :lol:

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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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