Serious now what would force interest%up?

gailey_2

Thanks some useful balanced answers there.

Of course none of us hqave crystal ball.

But I think eurozone will get smaller in 2012 as the countries who struggling have austerity and no growth.

Here I suspect then retail quarter figures will be good as had no severe weather and its been xmas but think the next quarter will be a struggle once xmas over it be hard.

News mentions currency wars and devaluing mainly yen against dollar

Dont think boe have a longterm plan they just winging it.

Just seems so different to last few recessions/house crashes when interest rates and inflation was higher.

I dont fully understand why they feel inflation will drop next year as food prices forcast to increrase nearly 20%.

I dont feel low interest rates or qe is working as no new lending and not stimulating the economy as wages/income out of line with living costs.