Monday, Oct 23, 2006

Raise the Interest Rate says Ernst and Young News: Rates must rise to check house price inflation

Great article on how inflation fire fighting must get cracking. However, interest rates need to be raised again in November to stop credit expansion and asset price inflation spilling over into excessive demand and inflation. If house prices continue to accelerate, interest rates will have to rise further in 2007.

Posted by tinecu @ 02:52 PM (493 views)
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1. Nohpc said...

"If house prices accelerate" It's a big if. It looks highly unlikely house prices will accelerate. I don't think they have genuinely risen at all this year and definately not next year so if interest rates have to rise it won't be to keep house prices in check.

Tuesday, October 24, 2006 09:30AM Report Comment

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