Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The Banks are more concerned with providing a guaranteed higher interest rate for their customers and true owners than any their stated reasons of higher inflation rates.

Besides housing mortgage interest costs; there isn't any underlying significant inflation and housing costs are decreased by lower inflation rates; not higher rates.

As a social progressive; I am surprised you would be taken in by the central banks stated reasons and not look at the true underlying pressures from the 'elites' which control the banks.

by An American in London on Fri May 11th, 2007 at 03:22:37 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series