MSE News: Bank of England urged to raise interest rates

Premier_2

It [the OECD] is predicting economic expansion of 2.2% in the UK this year, rising to 2.6% next year, but says growth could stall in the second half as consumers come under pressure.

... so why not urge an increase in the cost of borrowing to 7x the current level to avoid all doubt?

(where is that rolling eyes smiley when it is needed?)

RadioAmateur

IMO We are suffering this level of inflation due to the 200Billion of Quantative easing - and there is more to come! The tradition means of raising the Bank of England base rate as was the usual way of controlling inflation will not work, but the Bank of England will probably start on 6th June 2010 with a 0.25% increase. We are all in for a rough ride! We the people do not really know the real level of Debt this country in in!

MSE_Martin

Hi just to say this article is Press Association one. That's a newswire we have a subscription to - which we use to supplement our own stories.

It tends to be best for macro issues and covering the big stories everyone else is covering ratehr than our more specialist stuff.

Unlike many we deliberately by-line them PA so you know they're not MSE - we hope y ou find them interesting, but the view point is not MSEs (and we don't have access to the further reports)

JamesU

Martin, is it possible to consider revising the way headlines for interest rates on the index linked certificates are being advertised on MSE? People are getting confused, purchasing for the wrong reasons, going to the post office and being told different, posting their frustrations on various threads etc. Not up to the usual high standard of clarity at the moment. Numerous threads with the same stories and confusion.

JamesU