Jump to content
House Price Crash Forum
Sign in to follow this  
DrBob

Wages And Confidence Point To Higher Rates

Recommended Posts

http://uk.reuters.com/article/personalFina...A64537620070606

Wages and confidence point to higher rates
Wed Jun 6, 2007 1:37PM BST
Wages are rising at their fastest in seven years as employers scramble to fill vacancies and consumer confidence is riding high, two reports showed on Wednesday, adding to pressure for higher interest rates.
The KPMG/REC report on jobs showed wages for permanent staff in May rose at their fastest rate since June 2000 when interest rates were pegged at 6 percent and the world economy was booming on the back of the dotcom bubble.
"The question appears to be when, rather than will, the Bank of England raise interest rates again?" said Howard Archer, economist at Global Insight. "There is a very real possibility that the Bank of England could raise interest rates by 25 basis points for a second month running tomorrow."

Come on, boys, +0.25% tomorrow! I've got 50 quid riding on it!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.