Thursday, August 10, 2006
Inflation? What inflation?
Pap from Edmund Conway [Telegraph Online Business Economics] which suggests there is no need to increase the UK's interest rates because worsening global conditions will trim inflation for us without consumers and home owners taking a hit. Reasopns given are: anticipated decline of the US' economic conditions; the ECB's decision to raise rates will reduced European growth, higher Sterling will hurt exporters to our overseas markets; and the impact upon the consumer and home-owner. Seems dodgey to me.