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Another rate cut is not in our interest Tucker: inflation risks
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ALL EYES are on the Bank of England this week as the Monetary
Policy Committee meets to decide interest rates.
As the credit crunch bites - with interbank rates elevated and
fears mounting of a sharp house price "correction" - some say the
MPC has "no choice" but to cut rates from 5.25 per cent.
That is nonsense. Yes - the UK economy is slowing. New data shows
the dominant services sector faltered in March. And GDP growth
overall will now ease from around 3 per cent in 2007 to 1...
