Friday, Nov 10, 2006

Code in the BoE press release? Rapid, asset prices still rising...

Firstrung: Interest rate decision, the Bank of England's official release

Methinks so..."The outlook for growth in the United Kingdom's main export markets remains positive. Credit and broad money growth remain rapid, and asset prices have continued to rise. Although unemployment has continued to edge up, the margin of spare capacity within businesses appears limited. Oil prices have dropped back, but there are signs that other pricing pressures have picked up. CPI inflation was 2.4% in September. It is likely that inflation will rise further above the target in the near term, but then fall back as energy and import price inflation abate."

Posted by converted lurker @ 02:57 PM (402 views)
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