Democratic Underground - IMF says oil could trigger inflation, higher rates

Reply #39: IMF says oil could trigger inflation, higher rates [View All]

UpInArms

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-21-05 08:44 AM
Response to Original message

39. IMF says oil could trigger inflation, higher rates

Ya think???

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-09-21T133519Z_01_WAT003958_RTRIDST_0_ECONOMY-IMF-RATES-URGENT.XML

WASHINGTON, Sept 21 (Reuters) - There is a chance high oil prices could trigger broad inflation and push interest rates higher, International Monetary Fund chief economist Raghuram Rajan said on Wednesday.

"The possibility that oil prices could trigger more general inflation, rising interest rates and affect housing prices is a real possibility," Rajan told a Washington press conference.

He said inflation has been relatively well contained in industrial countries so far, but remains a factor to watch.

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Got a message for Democratic Underground? Click here to send us a message.

Reply #39: IMF says oil could trigger inflation, higher rates [View All]