Moneyfacts Group plc, the UK’s leading provider of retail financial product data, has launched a new printed publication, called ‘INTEREST’.
Using the unrivalled data, insights and experience that Moneyfacts has been pioneering for 35 years, ‘INTEREST’ launches at a critical time and seeks to identify the effects, positive or negative, interest rates have on the main sectors of the economy.
Issue one of ‘INTEREST’ highlights that:
“There is no point in having a 2% inflation target if it is blatantly ignored. The fact is that based on present rates of inflation the current UK base rate should be around 10%.
“The sooner we get inflation under control the sooner we can stop having to put up interest rates. If we carry on as we are we will be seeing the 14% base rates of the 1990s.
“The last time inflation was 7.9% Bank base rate was 10.88% (August 1991).
“Although UK inflation (CPI) has dropped marginally from 8.7% to 7.9%, the fact is that this is still four times the UK inflation target and the highest inflation rate in the G7.
“The Bank of England needs to convince everyone that it is prepared to act decisively to defeat inflation.”
Sitting alongside the other leading subscription publications - Moneyfacts, Business Moneyfacts and Investment Life and Pensions Moneyfacts - the new ‘INTEREST’ publication is available to subscribers at only £89.50 (8 copies p.a.). ‘INTEREST’ will be despatched in advance of meetings of The Bank of England’s Monetary Policy Committee.
Moneyfacts Group plc, the UK’s leading provider of retail financial product data, has launched a new printed publication, called ‘INTEREST’.
Using the unrivalled data, insights and experience that Moneyfacts has been pioneering for 35 years, ‘INTEREST’ launches at a critical time and seeks to identify the effects, positive or negative, interest rates have on the main sectors of the economy.
Issue one of ‘INTEREST’ highlights that:
“There is no point in having a 2% inflation target if it is blatantly ignored. The fact is that based on present rates of inflation the current UK base rate should be around 10%.
“The sooner we get inflation under control the sooner we can stop having to put up interest rates. If we carry on as we are we will be seeing the 14% base rates of the 1990s.
“The last time inflation was 7.9% Bank base rate was 10.88% (August 1991).
“Although UK inflation (CPI) has dropped marginally from 8.7% to 7.9%, the fact is that this is still four times the UK inflation target and the highest inflation rate in the G7.
“The Bank of England needs to convince everyone that it is prepared to act decisively to defeat inflation.”
Sitting alongside the other leading subscription publications - Moneyfacts, Business Moneyfacts and Investment Life and Pensions Moneyfacts - the new ‘INTEREST’ publication is available to subscribers at only £89.50 (8 copies p.a.). ‘INTEREST’ will be despatched in advance of meetings of The Bank of England’s Monetary Policy Committee.
