Wednesday, May 10, 2006

Inflation spike forecast

TimesOnline: Inflation spike forecast dashes rate-cut hopes

The City now expects a rise in the benchmark rate from the current 4.5 per cent.

Posted by Denzil @ 01:07 PM (636 views)
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2 Comments

1. Surfgatinho said...

How do they see it as a "spike"? I can't think of any reason why inflation should shoot up and then drop again. There seem to be underlying fundamentals pushing inflation up and they aren't going to go away. Oil is only one of these so even if that does go down again I don't see what else would cause inflation to fall??

Wednesday, May 10, 2006 04:33PM Report Comment
 

2. Truckdriver said...

I work as a truck driver in what should be a relatively boyant sector, many of the people I work with are bankrupt, not working or on short time. I have taken this as as an indication we are close to recession and as such I scan the financial markets daily for an opportunity to short the pound against the US dollar. No doubt the hedge funds will do better. The IMF and Futures Magazine see oil in the $40-$50 range. If there is any inflation it is a government creation what we need are tax and public spending cuts.

Wednesday, May 10, 2006 10:42PM Report Comment
 

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