The ultimate fight: Interest rates v inflation

  • Story by: Gemma Westacott
  • Magazine: FTAdviser
  • Published Friday , June 06, 2008

Well it looks like any dreams of a base rate reduction may well be over.

Advertising

Even though yesterday’s decision by the MPC to hold the rate at 5 per cent for a second month in a row came as little surprise given its recent hard line approach to taming rising inflation, it is still going to be hard for some to swallow.

Especially as the MPC’s decision came hot on the heels of Halifax’s announcement that average house prices fell 2.4 per cent in May, compounding the record 2.5 per cent reduction seen in March.

To read the latest Speakers' Corner blog click here.

FTAdviser BLOGS RSS

Latest Post  

New year, new lending outlook?

Well it might be a new year, but like the hangover that many of us were feeling yesterday,... read more

SIGN UP TO NEWS ALERTS



FTAdviser  Jobs  RSS

More positions