Property Investment News – Martin Weale fears expectations of higher inflation

Property Investment News

Brett’s responses to BoE’s Martin Weale’s fears expectations of higher inflation will become ingrained by The Telegraph on 31 Jan 2011.

Bank of England policymaker Martin Weale, who joined Andrew Sentance to vote for a rise in interest rates this month, said on Monday he had been concerned about expectations of high inflation becoming ingrained.

He said a small rise in rates now would be preferable to dealing with the price of addressing high ingrained inflation.

‘My concern is that, if businesses and pay-bargainers come to regard an inflation rate of 3pc-4pc as normal’, Mr Weale wrote in the Guardian newspaper.

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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.