Thursday, Nov 26, 2009

Base rate up next year

City Wire: 2010 inflation prediction

So, the long long period of super low interest rates looks a bit shakey. Here's on guy predicting a half percent rise in march to a base rate of 1.0%

Posted by chrisch @ 06:17 PM (633 views)
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2 Comments

1. Crunchy said...

They always get what they want, whilst kicking and screaming about it in public.

Will wages and business growth follow suit? A painful combination and one that some here have known for some time.

With some service providers living in cloud cuckoland along with the taxman, the effects of inflation will be relentless.

Thursday, November 26, 2009 06:55PM Report Comment
 

2. Fallingbuzzard said...

I'd agree for purely political reasons. Base rate goes up before the election and its out of the BOE' hands. Its the proof of recovery and its needed by Brown in April at the latest. The April GDP figures are also likely to show positive year on year GDP growth which is another stone cold certainty. After all, GDP is bound to grow if you print £200bn.

Friday, November 27, 2009 12:12AM Report Comment
 

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