No grounds for further rate hikes as inflation falls
Len Shackleton quoted by Business Leader
Len Shackleton quoted by The Scotsman
The Scotsman wrote:
“Professor Len Shackleton, editorial and research fellow at think-tank the Institute of Economic Affairs, said there were ‘no grounds’ for further interest rate hikes despite continued inflationary pressures.
“Since these figures were tallied, Russia has ended a deal to allow grain exports from Ukraine, which will likely push up global and UK food prices. Mortgage rates have also gone up,’ he noted.
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