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
Topics:
Ann Pettifor considers the following as important:
This could be interesting, too:
Matias Vernengo writes The Argentina of Javier Milei
Joel Eissenberg writes On student loans
Angry Bear writes Texas Seniors Suddenly Lose Medicare Benefits
Steve Roth writes Personal Income and Personal Saving Make More than 40% of Households’ Property Income…Invisible. Think Total Return.
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