Wednesday, 9 April 2008
Tomorrow and Tomorrow and Tomorrow..
How brave will the Bank be?
The Bank of England is facing that tough decision time again. How much to cut the Interest rates.
5.25% now, and judging by the caution shown over the last 6 months another 1/4 % seems likely.
But it is enough? Should Mr Brown use his 'influence' over Mr King at the BOE to cut the rate further.
Inflation, the big worry, is being held by the absence of credit and higher mortgage payments anyway isn't it?
The Times and The Telegraph are not convinced any cut is on the cards at all. Most other papers are going for an Evens bet on a cut.
Politically a full 0.5% would boost a Prime minister who really needs to look more decisive and in command, and heal some of the latest backbench anger at the 10p rise hitting low income earners.But is it wise?
Place your bets now
Posted by CityUnslicker