Sunday, December 30, 2007

BOE – forget about house prices

Economists warn of UK ‘stickyflation’ next year

Graeme Leach, the IoD’s chief economist, said inflation would slow in 2008, but not as fast as output levels, making it harder for the Bank of England to cut interest rates. Inflation is already above the Bank’s 2% target and some economists say expectations of rising inflation are at their highest for eight years.

Posted by cheeky charlie @ 09:52 AM (684 views)
Please complete the required fields.



2 thoughts on “BOE – forget about house prices

  • “Graeme Leach, the IoD’s chief economist, said inflation would slow in 2008”.

    An interesting statement when oil & platinum have just hit highs and our exchange rate against Euro-Land (where we buy loads of goods) has hit an all time low (…..meaning we pay more £s in future for the same quantity of goods).

    I guess Leach’s PA wrote this long before the Christmas party…!

    Reply
    Please complete the required fields.



  • ‘Stickyflation’? If we’re making up new words then I think ‘crashyflation’ sounds a lot better.

    Reply
    Please complete the required fields.



Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>