Interest rates may hit 8% by 2012
An influential think tank has warned that interest rates may have to rise to 8% to combat rampant inflation.
The warning comes from the Policy Exchange, whose chief economist, Andrew Lilico, argues an economic recovery will unleash a wave of money.
Doctor Lilico believes a double-dip recession is likely, which would then be followed by a boom. Read more...
Categories: The future Tags: double dip, interest rates, rise rapidly