Wednesday, May 26, 2010

The OECD on the UK via the WSJ

The OECD publishes fairly frequent forecasts on the state of the global economy, and its constituent parts - so recently it has revised its opinion on the UK: See here.

It thinks UK interest rates should rise to about 3.5% by the end of 2011 to cope with rising inflationary pressures likely to come about due to a recovering economy and a lot of money moving around (after Quantitative Easing). 3.5% seems high, but then this is 18 months down the line, and a lot of water could pass under the bridge between now and then...

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