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Thursday, 23 December 2010

Higher interest rates ahead; tidings of joy from the Bank of England

At last the Bank of England seem to be worrying about inflation? Today the Bank's Director of markets, Paul Fisher, has been wheeled out to get the message across.

He suggests to the Daily Telegraph's Philip Aldrick, that we should all be ready for interest rates of 5%  in the medium term.

On top of spending cuts and the austerity drive by the Coalition, this steep rise in interest rates could drive the economy into stagnation or even recession.

Well until then eat drink and be merry! That is my plan today anyway! Have a great Christmas and Happy New Year from all of us at KSA Group.

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