Thursday, October 4, 2007
Look at the graph, the current hold does not go against the clear trend of rising rates, which could well continue as inflation hits home by Christmas.
No change for UK interest rates
Economists say the Bank is adopting a "wait-and-see" policy on rates until a clearer picture emerges of the effects of the recent global credit squeeze.
Posted by planning4acrash @ 01:06 PM (712 views)
3 thoughts on “Look at the graph, the current hold does not go against the clear trend of rising rates, which could well continue as inflation hits home by Christmas.”
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mrmickey says:
I think inflation is finally starting to appear on most people’s radar despite the government’s propaganda claiming that inflation is an old wives tale. Expect lots of mudslinging in the near future as the government blames anything from global warming to money grabbing supermarkets for rises in prices but not the government’s printing presses.
planning4acrash says:
If the trend holds true, we should see 6% any time between January and March. Expect that if CPI goes up by then.
alan says:
So it’s down next time, then?
Perhaps an election the week after?