Monday, March 2, 2009

Though not this week before we get excited.

Bank deputy says rates may rise

Official UK interest rates will need to rise before any economic recovery is felt on the ground to stave off the risks of an inflationary surge, former Bank of England Deputy Governor John Gieve said. "We've got to hold on to the fact that inflation will be kept low," Gieve said in an interview with the Sunday Times. "That will require some very difficult decisions because it will require the Bank to start raising rates before it is obvious on the street that the economy is getting better."

Posted by wanderinman @ 12:31 AM (610 views)
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One thought on “Though not this week before we get excited.

  • I’ll believe it when I see it. Reckless borrowers always come first in the brownturn.

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