Tuesday, Nov 07, 2006

Rates up twice by February

Firstrung: NIESR forecast shows that interest rates need to be raised now and probably again in February

NIESR - "We project that the output of the economy in the three months ending in October was 0.7% higher than in the previous three months. The economy continues to grow at just above trend. Our forecast shows that interest rates need to be raised now and probably again in February."

Posted by converted lurker @ 09:42 AM (367 views)
Add Comment
Report Article

4 Comments

1. denzil said...

Shirley output is weaker and will spark growth fears. I read it on the BBC yesterday "weak data sparks UK growth fears" so it must be true and therefore there is no foundation to the NIESR data.

Tuesday, November 7, 2006 10:30AM Report Comment
 

2. Sam said...

perhaps they meant that the data was weak, as in it isn't very good? :-).

Also I thought that manufactoring would prefer an increase in rates to be more competative with international competition.

...and don't call me Shirley.

Tuesday, November 7, 2006 11:35AM Report Comment
 

3. inbreda said...

I too trust the BBC in an almost religious 'blind faith' way. Everything they say is, as it were, 'Gospel'. The BBC are the light. NIESR must be the devil to suggest such straightforward, logical and, dare I say it, correct interpretation of the data.

Tuesday, November 7, 2006 11:36AM Report Comment
 

4. paul said...

Denzil, please ... don't call me Surely.

Tuesday, November 7, 2006 01:08PM 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