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Assetz® Property News Service
Assetz comments on the latest ONS Consumer Price Index figures:
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Stuart Law, Chief Executive of Assetz, comments on the latest ONS Consumer Price Index figures:
"It is welcome to see inflation slipping back and the pressure on interest rates reduce. We are still some way off inflation being at a level where imminent interest rate rises are a realistic possibility and our view is that we would have to see CPI inflation at well over 4% before this is discussed by the MPC with any seriousness.
“Interest rates will stay low for a very long time to come, in particular to compensate for the imminent tax increases and spending cuts to help pay off the national debt, which will have an inevitable drag on the overall economic recovery.”
-ENDS-
Notes to Editors
About Assetz plc
Assetz plc heads up a group of well-known and successful property investment and development companies, delivering carefully selected UK and overseas property as well as property funds, financial planning, education, finance and after-sales service. Assetz offers expertise and peace of mind whether a buyer is seeking an investment or a residential property.
Assetz: 0845 400 9000 or visit www.assetz.co.uk
For further information please contact:
Suman Hughes or Laura Scarrott, The Wriglesworth Consultancy:
020 7427 1400 s.hughes@wriglesworth.com l.scarrott@wriglesworth.com
Chief Executive’s Blog: http://investors.assetz.co.uk/blog/archives.php
This is a press release by Assetz also available at http://press.assetz.co.uk/articles/5214.html. Alternatively, please see our full press release archive.
Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.
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