Sunday, Aug 13, 2006

Money News

Independent: Money News: Homeowners warned: expect another rise in interest rates

Homeowners should brace themselves for a further hike in interest rates this year after a stark inflation warning from Mervyn King, Governor of the Bank of England.

Mr King said "inflation [was] likely to be volatile" and expressed his "great uncertainty about energy prices". These remarks were interpreted by financial markets and analysts as meaning that another rate rise - probably 0.25 percentage points - was needed sooner rather than later to keep the lid on the cost of living.

Many economists, in-cluding those at the invest-ment manager Investec, now predict another rate rise by November.

Posted by jason @ 01:49 AM (697 views)
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1 Comment

1. Qetesuesi said...

Brilliant, just brilliant. Also be sure to check out the link to "Brown's mess" below the article - there are some excellent feedback posts to it.

Sunday, August 13, 2006 09:43AM Report Comment
 

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