Saturday, December 8, 2007

Rates to go up in 2008 ?

That rate cut: how I called it wrong … and got it right

THE BANK of England's decision last week to cut interest rates has raised serious questions about its independence. Rather than thinking long-term about the economy or the worsening outlook for inflation, the bank seems to have caved in to pressure from siren voices in the media, banks, the wider financial services sector and the property sector.

Posted by ash4781 @ 07:30 PM (451 views)
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