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Guest Charlie The Tramp

City Expects Bank To Raise Rates Again

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Guest Charlie The Tramp
The first fall in inflation for six months has failed to dispel City fears that the Bank of England may indicate today that interest rates need to rise higher still.

As the Bank put the finishing touches to its quarterly Inflation Report, to be published this morning, official data showed yesterday that inflation has begun to fall from last month’s 15-year peak.

On the consumer price index (CPI), the Bank’s target measure, inflation dipped to 2.8 per cent in April, compared with a figure of 3.1 per cent the month before.

However, after the Bank’s statement last week that risks to inflation remain, many analysts gave warning that at least one more interest-rate rise probably would be needed to bring price expectations firmly under control.

April’s fall in inflation was driven by a long-awaited decline in gas and utility bills. Inflation is expected to continue to fall throughout the summer months as the effect of fuel bill rises last year drops out of the annual calculation.

City expects Bank to raise rates again in spite of inflation fall

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i know a couple of people that just can't believe ir are rising - one is on the edge and is having issues repaying the mortgage - they other, a ftb, thinks the gov (?) won't let the housing market crash....

ir are still historically low - still think rising general inflation/taxation is going to be a bigger factor in defaulting than ir

also, duff gov stats ranging from crime to inflation are simply not matching reality and they are getting worse...

Edited by dnd

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