Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I think it's more likely rates will start creeping up - probably by a point or two to give the impression that something is happening.

When tradition dictates that rates must go up, up they'll go.

This will make no sense and will be a bad thing, but the monetarists only have tradition to draw on. Expecting anything else is equivalent to expecting them to innovate, which isn't something central banks are good at.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat May 31st, 2008 at 07:13:29 AM EST
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