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Stuart Law, Chief Executive of Assetz PLC, Comments on Today’s Inflation Figures, as the CPI Remains at 2.1%

15th January 2008 | back to article listings BACK    print this article PRINT

“With inflation for 2007 as a whole coming in at 2.1%, largely in line with the Bank’s target of 2.0%, we are likely to witness much speculation that interest rates will remain at 5.5% next month. However, with the threat of an economic slowdown and current retail pressures on the high street likely to result in a significant drop in prices this month, it is essential that the Bank’s MPC has the foresight to reduce rates by 0.25% in February.”

 

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