King Street Cat wrote:UK interest rates set to rise to 0.75% according to a friend in the know. That'll be interesting.
Your friend is about as in the know as my goldfish then. I'm no financial expert, and even I know that the inflation figures mean the government can get away with no rate rises for many months, maybe at least a year. And certainly not before the next election.
And you can put your money on that. Or you could, except the bookies have stopped offering odds on an early rise which always seals the deal for me. Why, I can get odds of 500/1 on the next Pope calling himself "Paddy Power", but nothing on an interest rise. The money men of course already did put their money on no rise, which is why sterling took such a hammering.