Wednesday, Jul 05, 2006

Sharp rise in inflation accross industrialised countries

Independent: Rates amy continue to rise worldwide?

Inflation rose sharply across the major industrialised countries in May, according to a report that will fuel fears that central banks are about to embark on another round of interest rate rises.

Posted by nimmmm @ 01:48 PM (516 views)
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6 Comments

1. tyrellcorporation said...

BOE will still resist to the bitter end!

Wednesday, July 5, 2006 03:43PM Report Comment
 

2. Time To Raise Petrol Prices said...

Yes....and their doing so will make it all the more bitter for us, as the pound devalues and true inflation surges, while the bull$hit CPI index still registers 'core' inflation of 2%

Wednesday, July 5, 2006 06:24PM Report Comment
 

3. Paul said...

I can guarantee that this WON'T be covered by David Smith in Time Online, who always honks and brays about any sign that the economy is picking up.

He lives in a world increasingly distanced from reality.

Wednesday, July 5, 2006 06:56PM Report Comment
 

4. uncle tom said...

My 40th BOE forecast is looking more secure this morning - Bloomberg seems very confidant that UK rates will stay on hold today.

As to next month, the experts are looking divided between those who think rates will stay on hold for the rest of the year and those who see one or two increases.

I'm still in the latter camp, but I do wonder if it's dawning on the MPC and their foreign counterparts that the rate increases seen across the world in recent months are not actually having much effect.

For some time I've been predicting that the philosophy of inflation targetting using interest rates as a regulator will begin to unravel - how quickly will the bankers realise this is happening? - how will they respond??

Thursday, July 6, 2006 07:57AM Report Comment
 

5. Time To Raise Petrol Prices said...

Uncle Tom - Probably by blindly continuing to hike rates until crashes are baked in the cake of every major economy in the world. Here in Britain, the economy is taking the piss out of its own citizens right now, so expect us to be the last and the worst affected.

Thursday, July 6, 2006 09:09AM Report Comment
 

6. harold said...

Time To Raise Petrol Prices, can you explain what you mean by "the economy is taking the piss out of its own citizens". I'm sure it is, but if you could be more explicit (and less graphic) I'd be interested to know what you mean.

Thursday, July 6, 2006 10:15AM Report Comment
 

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