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Realistbear

Trichet Over At The E C B Likely To Keep I R Accomodative

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http://www.rte.ie/business/2006/0831/ecb.html

ECB set to hold key rates steady today

August 31, 2006 08:43
The European Central Bank is widely expected to hold its key interest rates steady at its regular monthly policy-setting meeting later today, after raising them by a quarter-point at the beginning of August.
But the bank is certain to tighten monetary conditions in the single currency area again
in the coming months
in order to keep a lid on inflation as economic recovery continues to gather pace, the ECB watchers said.

Better too late than never................. :blink:

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"Indeed, money supply data published on Monday showed that the euro zone's M3 money supply expanded by 7.8%in July, way above the 4.5% that the ECB sees as the basis for non-inflationary ecomomic growth."

4.5% is considered the norm? And the money supply in the UK is??? 13%.

The UK is one big joke.

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"Indeed, money supply data published on Monday showed that the euro zone's M3 money supply expanded by 7.8%in July, way above the 4.5% that the ECB sees as the basis for non-inflationary ecomomic growth."

4.5% is considered the norm? And the money supply in the UK is??? 13%.

The UK is one big joke.

I think Gordon has the world in his steely gaze and has convinced them that he is doing a sterling job as the iron chancellor with policies that are proving to be solid gold. No one sees the mercurial rise in inflation or the size of the lead balloon that we call a housing market. The only silver lining ahead is the prospects of a record breaking crash. But, there are certainly no copper bottomed certainities out there at present.

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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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