MNI PODCAST: FedSpeak - Buiter Sees UK Rates As High As 6%
Nov-01 14:11By: Pedro Nicolaci da Costa
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EXECUTIVE SUMMARY
- The BOE may have to hike rates to as high as 6%, ex-MPC member Willem Buiter told MNI.
- "The 10.1% headline inflation rate and even core inflation of 6.5% is calling out loudly for higher rates.”
- Financial stability tumult may yet force additional BOE intervention, he said.
- The Fed also has a long way to go before it's done raising interest rates, said Buiter.
