Friday, October 6, 2006

Why the Bank of England should have raised interest rates

Why the Bank of England should have raised interest rates

The war against inflation continued with no surprises on the interest rate front yesterday. As expected, the European Central Bank hiked again to 3.25%, while the Bank of England stayed on hold at 4.75%....A rate hike this month would have been just the sort of fiscal slap that might have brought investors and property buyers to their senses without too much longer-term fall-out...

Posted by mary @ 11:05 AM (520 views)
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