Thursday, 22 August 2013

Long term plans need better thought

Last week Mark Carney said that 0.5% base interest rates would continue until 2016, as that was the suggested date for below 7% unemployment, all I can say is oops.

The latest unemployment figures show a trend that suggests unemployment will be below 7% much quicker than that, so are rates fixed for three years or will there be some back peddling?

Inflation does not seem to be a priority any more, I wonder if that will change?

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