Monday, April 18, 2011

”Seems unlikely…..”

Interest rate rise could push inflation higher, warns Item

''The problem is that an increase in the Bank's base rate would quickly boost interest payments on tracker mortgages, which are included the retail prices index (RPI) measure of inflation - often used as the basis of wage settlements. "It seems unlikely, but ironically this could… prove to be the last straw for wage settlements, persuading employers that the workforce needed a pay increase to compensate," Item said in its quarterly forecast report, published on Monday''

Posted by hpwatcher @ 09:01 AM (1299 views)
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2 thoughts on “”Seems unlikely…..”

  • We're All In This Together says:

    All pigs cleared for take off…

    Reply
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  • I stated words to this effect last week. I agree.

    You wanted it Merv, now you will have to deal with it.

    Still in that corner and the paint will not cure.

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