by The Financial Times asked economists the following: How far will the Bank of England raise interest rates next year? Do you think they should? PRIME economists responded in this way: We think much will depend on the Federal Reserve and the ECB. The BoE will follow both, but will have time to assess the impact of global tightening. We do not think that rate rises would be wise at a time of weak demand, low productivity and heavy corporate and consumer indebtedness. Thanks to austerity, neither the British nor the global economy is strong or stable enough to survive further rate rises. For more read the FT here: https://www.ft.com/content/2f2354a8-ebe5-11e7-bd17-521324c81e23 Related Posts
Topics:
Ann Pettifor considers the following as important: central banks, Federal Reserve, Interest rates
This could be interesting, too:
Lars Pålsson Syll writes Central bank independence — a convenient illusion
Merijn T. Knibbe writes How to deal with inflation?
Robert Waldmann writes The 0.5% Reduction of the Federal Funds Rate
Robert Waldmann writes The 0.5% Reduction of the Federal Funds Rate
The Financial Times asked economists the following: How far will the Bank of England raise interest rates next year? Do you think they should? PRIME economists responded in this way:
We think much will depend on the Federal Reserve and the ECB. The BoE will follow both, but will have time to assess the impact of global tightening. We do not think that rate rises would be wise at a time of weak demand, low productivity and heavy corporate and consumer indebtedness. Thanks to austerity, neither the British nor the global economy is strong or stable enough to survive further rate rises.
For more read the FT here: https://www.ft.com/content/2f2354a8-ebe5-11e7-bd17-521324c81e23