We Just Can Not Escape It - an Interest Rate Rise Is Cruelly Inevitable

Summary

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They said it was an even bet yesterday. The money market treats it as a done deal for May or June - though the Footsie climbed back to a six-week high to within 47 points of the recent peak it hit in February 19.

We were lucky to escape an interest rate increase yesterday. But surely you cannot expect that luck to hold - not with inflation at 2.8 per cent, well clear of the Bank of England's two per cent target, house price inflation rollicking along up 11 per cent, every company that answers a survey chortling about how prices increases really are sticking and the money supply sending out what would once passed for a red alert.

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We Just Can Not Escape It - an Interest Rate Rise Is Cruelly Inevitable

As to oil, the price of crude - down a notch yesterday now the sailors are back from Iran - shows no sign of falli...

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