The OECD publishes fairly frequent forecasts on the state of the global economy, and its constituent parts - so recently it has revised its opinion on the UK: See here.
It thinks UK interest rates should rise to about 3.5% by the end of 2011 to cope with rising inflationary pressures likely to come about due to a recovering economy and a lot of money moving around (after Quantitative Easing). 3.5% seems high, but then this is 18 months down the line, and a lot of water could pass under the bridge between now and then...
This blog accompanies the econ101ab Principles of Economics course given at the University of Birmingham. The lecturers for both parts of the course (101a, microeconomics and 101b, macroeconomics) will occasionally post here on matters related to lecture material. We hope to show the relevance of the concepts we are teaching at each stage of the course for helping understand how the world works...
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