(2007-04-19) Rising inflation benefits investors buying in US
Earlier this week, it was announced that inflation had reached 3.1 per cent in March,
Earlier this week, it was announced that inflation had reached 3.1 per cent in March, the highest level since the consumer price index method of inflation monitoring was introduced in 1997. Financial experts are now saying that it is almost inevitable that the base rate of interest of interest will go up again in May when the Bank of England's monetary policy committee meet for their monthly discussion of the economy.
The rate was last increased in January, to 5.25 per cent, although this increase may not as yet have had time to take effect. Clearly, a further rise in the interest rate is going to have implications for the property market, not least by making loans and mortgages more expensive.
However, there is one very positive aspect for the buy-to-let investor operating in the overseas market - the strength of the pound. Rising inflation has made the pound a sought-after commodity on the currency exchange market and, as of Wednesday 18 th April, sterling is particular strong against the US dollar, fetching $2 for every
About Us: Earlier this week, it was announced that inflation had reached 3.1 per cent in March, the highest level since the consumer price index method of inflation monitoring was introduced in 1997. Financial experts are now saying that it is almost inevitable that the base rate of interest of interest will go up again in May when the Bank of England's monetary policy committee meet for their monthly discussion of the economy.
Contact Info: Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400 7000, linkexchangeseo@gmail.com
Additional:
Company: Assetz
Country: United Kingdom
Contact: Jimwatson
Website: http://www.assetz.co.uk/
Bus E-Mail: linkexchangeseo@gmail.com
Phone: 0845 400 7000
