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Start ::  Cornwall24 Discussion ::  Cornwall24 Discussion Board ::  House price increase, update.
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House price increase, update.
xxxxxx Posted: 02.08.2006, 10:40



registered: Sep. 2004
Posts: 2305

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last visit: 27.03.08 		LOL!! icon_biggrin Nice one icon_biggrin
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xxxxxx Posted: 03.08.2006, 08:29



registered: Sep. 2004
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last visit: 27.03.08 		Good news for some..

QuoteUK rates 'to hold steady at 4.5%'
The Bank of England is widely expected to leave rates unchanged for the 12th time in a row later.
Analysts predict the Bank will leave rates at 4.5%, despite increased talk that it will soon opt for a rise.

Experts say the Bank is likely to delay any rise in the face of an uncertain global economic outlook and the risk rising fuel prices pose to growth.

However, some analysts think rates could rise before the end of the year to help keep inflation in check.

Recent figures showed inflation unexpectedly surged to 2.5% in June - above Bank targets of 2% - while rising energy costs are expected to push inflation even higher.

Meanwhile, the economy grew at its fastest rate for two years in the second quarter of this year.

'Lively debate'

"At last it's got interesting. A combination of above-trend growth and above-target inflation has finally given the interest rate hawks some serious ammunition," said Andrew Smith, chief economist at KPMG.

"But a rise this month is still far from a done deal."

Crucial to the future path of UK rates will be how the members of the Monetary Policy Committee (MPC) vote at the current meeting.

"Developments since the July MPC meeting are likely to have pushed the committee significantly nearer towards hiking interest rates," Howard Archer, chief UK economist at Global Insight said.

"Consequently, the MPC meeting is set to be a very lively affair, and it is highly possible that some MPC members will cross over into the rate hike camp."

He added that while recent data had made the case for a rate rise stronger, the MPC will be very aware that recent growth was lifted by a World Cup-driven consumer spending boom and so it will most likely wait for another round of figures to assess the strength of the economy.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/5240770.stm
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troll Posted: 03.08.2006, 13:26



registered: Jul. 2004
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last visit: 15.05.07 		Stroppy, you need a new crystal ball:

http://news.bbc.co.uk/1/hi/business/5241974.stm
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xxxxxx Posted: 04.08.2006, 05:59



registered: Sep. 2004
Posts: 2305

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last visit: 27.03.08 		Blimey..

Aunty Beeb needs to sack her horoscope writer, if she cannot predict what will happen in four hours time, she can't be that good..

Mine: Last Updated: Thursday, 3 August 2006, 10:24 GMT 11:24 UK

Yours: Last Updated: Thursday, 3 August 2006, 13:32 GMT 14:32 UK
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perper Posted: 05.08.2006, 12:00



registered: Aug. 2006
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last visit: 17.02.07 		www.winmycottage.com
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