Falling inflation set to raise real interest rates
Len Shackleton quoted by The Scotsman
Len Shackleton quoted by Business Leader
Business Leader quoted:
“If last month’s 8.7 percent annual increase in the CPI was unexpectedly high, this month’s 7.9 percent is a shade lower than expected. This is mirrored in other indicators such as CPIH and core CPI.
“Rishi Sunak’s pledge to halve inflation by the end of the year may still be optimistic, but at least there are no grounds for the Bank of England to raise interest rates further. Nor are there any grounds for panic measures to hold down prices artificially, such as Grant Shapps’ silly initiative to curb supermarket petrol prices.”
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