Steven Toy was right

Posted by: rupert bear on 11 January 2007

And I never thought I'd say (or even think) that. The Bank of England has raised interest rates today, a month earlier than most expected.

Good job too I say. Far too low for too long, fuelling silly house price inflation among other things. I do wish the CBI would stop whining every time they do it.

Posted on: 11 January 2007 by Andrew Randle

Seconded. As is usual for the business cycle, the banks are now claiming their harvest.

Andrew

Posted on: 11 January 2007 by Kevin-W

That'll strike fear into their hearts!

Hopefully it'll mean those smug types who endlessly prattle on about property prices will keep their counsel - at least for a while.