Summary
THE threat of higher interest rates is looming after inflation reached levels not seen for over decade. The consumer prices index surged 3pc in December, the highest since 1995.
The official figures, coupled with a surge in the broader retail prices index to the highest in 15 years, reinforced fears that last week's quarter point hike in interest rates to 5.25pc will not be the last.See the full content of this document
Extract
Inflation Hike Hints at Rise in Interest Rates
Bank of England Governor Mervyn King was spared the emba...
See the full content of this document
Sponsored links
