City dismisses fears of 8pc rates as rubbish

first_img Share Monday 23 August 2010 8:06 pm whatsapp KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Show Comments ▼ His view is at odds with the consensus of City analysts, which sees interest rates rising to around two per cent by the end of next year and 3.5 per cent by the end of 2012.Jamie Dannhauser of Lombard Street Research said there was no way the BoE would allow money supply to expand at the rate necessary to bring a return to 1990s-style inflation. “It’s a complete load of rubbish,” he said. “It would involve the Bank being completely asleep at the wheel.”George Buckley of Deutsche Bank predicted a gradual tightening of 25 basis points per quarter from the start of next year. “If you get something like the Policy Exchange is suggesting you’re likely to see the consumer weaken very rapidly as debt interest payments rise,” he said. whatsapp ECONOMISTS yesterday rebuffed suggestions by an influential thinktank that interest rates could soar to eight per cent within two years, describing the claim as “complete rubbish”.Andrew Lilico of the Policy Exchange grabbed headlines by predicting a double-dip recession followed by a swift recovery. Lilico said monetary supply would surge in the upturn, fuelling inflation and forcing the Bank of England (BoE) to hike its central rate to eight per cent. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd City dismisses fears of 8pc rates as rubbish Tags: NULLlast_img

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