Wednesday, Dec 13, 2006

Interest rates up for sure: The clock is ticking

Free Help Advice: Interest rates up for sure: The clock is ticking

Highest rises in utility bills for 26 years, pushed the consumer price inflation to 2.7 per cent in the month of November, up from 2.4 per cent in October. With inflation shooting up to its highest rate since the introduction of the current inflation measure some ten years ago, another interest rate hike seems imminent. Inflation has exceeded the Bank of Englands target of 2 per cent, for the seventh time now and it is dangerously close to the 3 per cent level at which Mervyn King, the Governor of the bank, would have to write a letter of explanation to the chancellor, Gordon Brown.

Posted by matt @ 01:50 PM (540 views)
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