Interest rates: Who will win between Mervyn King and Andrew Sentance?

interest-rates-grow-plants

Who will win?

The Telegraph – 18 Feb 2011 – By Emma Rowley.

Just 24 hours after the central bank’s Governor had done his best to calm market talk that he had quietly signalled three rate rises are coming this year, his most “hawkish” colleague on the committee promptly laid out his case for interest rates to go up immediately.

What is more, he questioned the accuracy of the very forecasts that explain his colleagues’ decision to keep the base rate, to which other lenders’ rates are tied, at its record low of 0.5pc.

Raising rates sooner rather than later would help reassure markets and the public that the committee is “not intent on ‘selling england by the pound'” Mr Sentance said, referencing the Genesis album title from the 1970s.

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About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.

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