Saturday, Oct 10, 2009

Rate Hikes could threaten House Prices!

Independent: Inflation rise prompts fears of early rate hikes

"An unexpected jump in factory gate prices has raised concerns that the Bank of England may have to tighten monetary policy before the recovery is firmly secured, in order to head off the threat of higher inflation. The volume of British exports rose by 1.6 per cent in the three months to August, the first positive reading in a year. The Retail Prices Index, which includes mortgage bills, has recorded negative inflation recently".

Posted by alan @ 03:36 PM (1806 views)
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13 Comments

1. matt_the_hat said...

No wonder there's a bloody jump in prices we don't make anything and the pound has tanked

Saturday, October 10, 2009 03:51PM Report Comment
 

2. mystie010 said...

Feb next year - boil in the bag frog coming to an Asda near you! Or I'll eat my hat :-)

Saturday, October 10, 2009 04:52PM Report Comment
 

3. inbreda said...

feels to me like pushing a big heavy rock to the edge of a very steep hill. The prices rises come slowly - seems like it takes a lot of effort breaking the inertia, and then some gentle price rises, and I can't help thinking that once it picks up speed it's going to be impossible to stop.

Saturday, October 10, 2009 04:55PM Report Comment
 

4. mander said...

Raising rates could be branded as "wildly dangerous" by Mr. Blanchflower in an attempt to overtake Roubini in predicting future crisis.

Saturday, October 10, 2009 06:28PM Report Comment
 

5. quiet guy said...

Mander,

You beat me to it. Shouldn't we be asking for Blanchard's permission to run our country's affairs, since he seems to think he's still on the MPC?

Saturday, October 10, 2009 07:13PM Report Comment
 

6. paul said...

The Bank of England hardly has a good track record of being vigilant on keeping inflation in check with rate rises.

No, their hand will have to be forced by the market I reckon.

Saturday, October 10, 2009 07:37PM Report Comment
 

7. mander said...

quiet guy,

Sorry for being ironic having compared Blanchflower with Roubini who I think is a genius.

Now money does not grow in the trees, and Zimbabwe policies should not be tested in the UK.

Saturday, October 10, 2009 07:58PM Report Comment
 

8. braindeed said...

Some conspiracy fun....

http://www.youtube.com/watch?v=1dNquncD3uE&feature=related

Saturday, October 10, 2009 08:14PM Report Comment
 

9. tyrellcorporation said...

I can only see ir raises when inflation goes above 3%. They'll procrastinate In the face of rising inflation by saying it's just a blip and is about to head down again.

Saturday, October 10, 2009 08:37PM Report Comment
 

10. crunchy said...

Nice knowing you deflation, but you were as welcome to the big boys as a fart in a space suit.

Sunday, October 11, 2009 11:57PM Report Comment
 

11. crunchy said...

8. braindeed said...

That was pathetic and not even funny. This is just a non street cred band (look at the members again) hard up for a song idea latching on

to some powerful images. Really dated also. Poor things!

You really need to spend your time more productively. Try to figure out why Obama got the Nobel Peace, yes I said Peace Prize so soon.

That's better. More wholesome intellectually for you me thinks.

Monday, October 12, 2009 01:03AM Report Comment
 

12. waitingfor hpc said...

in my packaging market ... inflation is getting out of control already : so far:

15% on corrugated board
10% on plywood and softwood.
10% on foam products
15-30% on ancillary products such as bubblewrap

and my suppliers say more to come next year!

Monday, October 12, 2009 09:52AM Report Comment
 

13. symo said...

Wow, only 3 years too late. THink of all the problems that would have been solved if the IR was where it should have been during nu labours reign.

Door; horse; bolted; springs to mind.

Monday, October 12, 2009 09:53AM Report Comment
 

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