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Friday, October 17, 2014

No Rate Rises Yet

I have been bucking against the perceived "wisdom" of the press and financial "experts" for sometime now, wrt when interest rates will rise.

Contrary to the perceived "wisdom" I have repeatedly stated that rates will not rise anytime soon, least of all before next May's election.

I am amused to see that Andy Haldane, who sits on the Monetary Policy Committee, also now agrees with my view.

He cites global growth fears, rising geo-political risks and a "weak pipeline" of inflationary pressures as the rational for the Bank of England keeping rates lower for longer.

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