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Platinax Internet >> Platinax Internet News
« Linux 2.6: few bugs | Main | Mandatory retirement to be scapped » December 14, 2004Interest rates: US up, UK sameNo surprises here - the Bank of England left interest rates unchanged at 4.75% this month, and will not review the issue again until February 2005, to ascertain the impact of holiday and New Year sales spending. However, if a snap General Election is called in the UK for Spring 2005, as has been suggested recently by a number of papers, then the politically unwelcome rate rise could well be left until after the election. With inflation rising, though currently well within government targets, it remains to be seen how much pressure it may build up against the UK economy.
The US economy continues to present uncertain signs, and recent rises in oil prices have caused increases in energy prices, which will put inevitable stress on it.
Posted by brian_turner at December 14, 2004 08:21 PM | Discuss this in the Business, Marketing & Search forumsTrackback PingsTrackBack URL for this entry: Comments |
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