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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Governor of the Bank of England hints to raise interest rates next year

    Rocky
    Rocky
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     Governor of the Bank of England hints to raise interest rates next year Empty Governor of the Bank of England hints to raise interest rates next year

    Post by Rocky Sat 30 Sep 2017, 2:59 am

    [size=30]Governor of the Bank of England hints to raise interest rates next year[/size]
    30/09/2017 10:53 | Number of readings: 1
    font size:  Governor of the Bank of England hints to raise interest rates next year Font_decrease  Governor of the Bank of England hints to raise interest rates next year Font_enlarge
     Governor of the Bank of England hints to raise interest rates next year Thumbnail.php?file=_________________________________________376970915
    [rtl]Trend Press / Agency[/rtl]
     
    [rtl]The governor of the Bank of England has hinted at a gradual rate hike "relatively soon," but he did not specify exactly the timeframe for that move.[/rtl]
    [rtl]The Bank of England said at its last monetary meeting that tightening monetary policy early next year will become more realistic.[/rtl]
    [rtl]Inflation was up 2.9% last month.[/rtl]
    [rtl]Mark Carney said on Saturday the decision to raise interest rates could take place relatively soon.[/rtl]
    [rtl]The Bank of England's monetary policy meets on Nov. 2.[/rtl]
    [rtl]On household borrowing, Carney warned of "recklessness" in borrowing, pointing out that although household borrowing had declined markedly since the global financial crisis, there was concern about rapid growth in borrowing rates.[/rtl]
    [rtl]Bank of England data showed that UK individuals' borrowing grew 5.6% in August from 4.8% in July.[/rtl]
    [rtl]"The financial situation of households may deteriorate in the short term," Carney said. "It may take between two to three years, but it is not clear what the family negotiations will end."[/rtl]
     


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