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Realistbear

Recent Poll Of Economists Show I R Hike No Longer Necessary

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http://investing.reuters.co.uk/news/newsAr...OLL-BRITAIN.xml

Interest rates likely to stay on hold for months

Mon Jun 26, 2006 2:27 PM BST

LONDON (Reuters) - The next move in interest rates is still likely to be up, but
receding
inflation
pressures and strong -- but unspectacular -- growth will probably keep rates on hold for months to come, a Reuters poll shows.

Well that's it then. As inflation is now declining Gordon's refusal to hike the rates is fully justified and the BoE can continue to do nothing. :)

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LONDON (Reuters) - The next move in interest rates is still likely to be up, but receding inflation pressures and strong -- but unspectacular -- growth will probably keep rates on hold for months to come, a Reuters poll shows.[/indent]

Well that's it then. As inflation is now declining Gordon's refusal to hike the rates is fully justified and the BoE can continue to do nothing. :)

Surely this statement is a contradiction: "Domestic consumption continues to be constrained by higher utility bills, taxes and rising unemployment."

Are we to assume that taxation isn't inflationary? So therefore all the public-sector wage increases weren't inflationary either? The energy and water companies are all making profits but this isn't inflationary either? I'm not sure I understand how Polish immigration is deflationary either; after all they buy stuff!

These same economists predicted or are predicting oil back at 40 bucks a barrel! Oh yes and we are still in a bull stockmarket because nobody thinks there is any inflation. The British Isles has a magical inflationary shield which gives us immunity! We are no longer in the global village owing to Gordon's new bypass.

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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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