Sunday, Aug 27, 2006

UK interest rates to rise further

Sunday Telegraph: The real economy is pushing rates up

Now that inflation is above target, and likely to remain there according to the MPC, it did the right thing and raised rates. And I do not think that is the end of it...........

There are ...... vested interests in the City and elsewhere who do all they can to understate the chances that rates will rise.


Posted by waiting patiently @ 05:03 PM (513 views)
Add Comment
Report Article

1 Comment

1. Ticktock said...

once again here they present CPI as if it is THE inflation figure. It is nothing of the sort, and HPCers should be vey concerned at the growing trendancy of 'experts' to do this. It is deliberate smoke and mirror tactics, and for me is little short of a fraud.

I believe that they think that after 1 or 2 o.25% raises that they can surpress inflation expectations, and then continue with the BOE inflationary growth fiddle.

Inflation is at least 5 times that stated by CPI, and IR rates need to reflect this (and kill BTL in the process)

Monday, August 28, 2006 10:47AM 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 HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies