Monday, September 25, 2006
Which way for IRs? It Could Be Down!
Jeremy Batstone of Charles Stanley on what the latest inflation data, MPC minutes and consumer attitudes suggest about November's interest rate decision. Basically, CPI should not be used; people's expectation of inflation is lower [yes, lower] then real inflation levels; and there is insufficient investment in UK Manufacturing to take on emerging economies in Asia. A bit of a surprise article from MoneyWeek which provides an alternative view.