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)
Add Comment
Report Article

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

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies