Monday, May 8, 2006
Interest rates ‘likely to go up’
Interest rates ‘likely to go up’
Article suggests the BoE's quarterly inflation report, out on Weds, will present new forecasts for growth and inflation. Inflation is on track to meet the 2% target and growth is strengthening even though market expectations of a gradual rise in interest rates are assumed.
Posted by Talking_Rot @ 04:22 PM (672 views)
4 thoughts on “Interest rates ‘likely to go up’”
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Ozzmosiz says:
Last bit says the pound is strong against the dollar? I thought the dollar was weak!?
Harold says:
Urr… if the pound is strong against the dollar, might not the dollar be weak against the pound? Seesaw effect.
Uncle Fargas says:
“Michael Saunders, chief UK economist at Citigroup, … the next move could be up or down. ”
The next move could be up or down. This man’s a genius!
Uncle Tom says:
Maybe Saunders was just being honest – there’s a wide spectrum of different takes being promoted at the moment – anyone who simply listens to the pundits could be forgiven for being bemused.
Personally, I’m currently in the ‘next move is up, but probably not just yet’ camp.