Economists have put the chances of 6pc interest rates this year at one in three, after fresh signs emerged that the Bank of England has lost control of prices and the Organisation for Economic Co-operation and Development (OECD) said Britain has the worst inflation problem in Western Europe.
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Friday, May 25
Prices to hit 12-year high says CBI
by
Jet-to-Let Magazine
on Fri 25 May 2007 15:29 BST
Houses 'are priced 65 per cent too high'
by
Jet-to-Let Magazine
on Fri 25 May 2007 15:26 BST
The housing market in Britain is up to 65 per cent overvalued and needs further interest rate rises to cool it, reports the Daily Mail. The Organisation for Economic Co-operation and Development revealed that UK property prices are among the most stretched of any major world economy. At the same ... more » |
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